Tatneft to get state aid for new capacities at Taneco complex

MOSCOW, Mar 25 (PRIME) -- Russian oil company Tatneft and the Energy Ministry have signed an agreement to invest 50 billion rubles in new oil refining capacities at the Taneco complex, Tatneft said in a press release on Thursday.

“Tatneft and the Russian Energy Ministry have signed an investment agreement to create new production facilities at the Taneco refinery and petrochemical plants complex in Nizhnekamsk. Under the agreement, concluded for the period until January 1, 2031, four oil refining units with total investment of over 50 billion rubles will be built until the end of 2026,” the statement said.

(76.1535 rubles – U.S. $1)

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