TAIF Group in mass-media

	13.01.2012 Plastinfo,
	Nizhnekamskneftekhim Finished Intake Modernization
	On January11, 2012 Nizhnekamskneftekhim OJSC finished modernization of its water intake facility supplying water from Kama River to the enterprise’s production facilities.

 

	08.12.2011 Advis.ru,
	Izhorskie Zavody completed installation of DS-302 hydrotreatment reactor at PSC TAIF-NK refinery complex
	Izhorskie Zavody, being a part of OMZ Group, have completely fulfilled their contractual commitments to PSC TAIF-NK (Nizhnekamsk, Republic of Tatarstan). According to the contract concluded in November 2010, Izhorskie zavody for the first time undertook not only to design and manufacture a petrochemical DS-302 hydrotreatment reactor but also to organize its delivery and set it into place on the customer’s site.

 

	03.10.2011 Tatar-inform,
	“Nizhnekamskneftekhim” switches from monomer production to polymers
	In the Board meeting of “Tatneftekhiminvest-holding”, the enterprise’s plans in regards to ABS-resins were heard.        Today, in a “Tatneftekhiminvest-holding” Board meeting chaired by the President of Tatarstan Rustam Minnikhanov, Mr. Vladimir Busygin, General Director, OJSC “Nizhnekamskneftekhim” spoke about the course of implementation of the latest major project.

 

	29.09.2011 Kommersant,
	“Nizhnekamskneftekhim” Doubled Its Profit
	“Nizhnekamskneftekhim” published its IFRS-based financial statement for the first half of 2011. According to the company’s statement, its income for six months amounted to RUB 8.06 billion that is twice y-o-y value (RUB 4.06 billion). The revenue made up RUB 61.27 billion for the first six months of 2011 vs. RUB 45.2 billion y-o-y.

 

	27.09.2011 Tatar-inform,
	Rostekhnadzor Awarded a Certificate of Honor to “TAIF-NK”
	The certificate of honor highlights revamp of production facilities and implementation of new technologies as well as improvement of reliability and safety in the company’s production plants. “TAIF-NK” was awarded a certificate of honor by the Federal Environmental, Engineering and Nuclear Supervision Agency (Rostekhnadzor) “For the best management in the field of introduction of new technologies, improvement of reliability and safety in the company’s production plants”.

 

	15.05.2011 Media office of the President of Tatarstan Republic.,
	Reconstructed Historical and Architectural Memorials Opened In The Town-Island Sviyazhsk
	“Essential changes taking place in the town-island Sviyazhsk today are seen by everyone; we are witnessing the transformation the island undergoes” – the President of Tatarstan Republic Rustam Minnikhanov said today when participating in the opening of a tourist season in the town -island Sviyazhsk.

 

	29.04.2011 Tatar-inform,
	Rustam Minnikhanov; “TAIF-NK Will Support A Chain Of Tatarstan Gasoline Filling Stations”
	A Nizhnekamsk refinery will supply oil products primarily to gasoline filling stations of the republic. PSC “TAIF-NK” (a refinery in Nizhnekamsk) will supply oil products primarily to Tatarstan gasoline filling stations. The President of Tatarstan Rustam Minnikhanov revealed it in today’s meeting of the Board of Directors of OJSC “Tatneftekhiminvest-holding” having explained it through a necessity to avoid shortage of motor fuel in the republic.

 

	29.04.2011 Tatar-inform,
	No final decision on TAIF’s IPO has been made so far
	In 2010, the group earned record-breaking profit in the amount of RUB 340 billion. Today, the Annual General Meeting of PSC “TAIF” Shareholders was held in Kazan. The President of Tatarstan Rustam Minnikhanov took part in the meeting.

 

	29.04.2011 “Rupek” Union,
	TAIF has made no IPO decision so far
	TAIF Group does not give up its IPO plans but no decision on stock floatation has been made so far, as the company’s General Director Albert Shigabutdinov stated at the press conference. ‘The shareholders have not come to a final decision yet. The IPO issue will not be withdrawn from the agenda though in order to enhance financing of large projects implemented by PSC “TAIF-NK” and OJSC “Nizhnekamskneftekhim”’, A. Shigabutdinov said.

 

	29.04.2011 Kommersant, Yuliya Garaeva
	TAIF Group earned RUB 340 billion in 2010
	Today, the Annual General Meeting of TAIF Group’s shareholders was held, where the last year performance was analyzed. In 2010, aggregate revenue of TAIF Group amounted to RUB 340 billion. Net profit was RUB 33 billion. Total investments made by the Group last year reached RUB 22 billion having increased by RUB 9.1 billion year-on-year. EBITDA surpassed RUB 54 billion.

 

	14.03.2011 Plastinfo.ru,
	“Nizhnekamskneftekhim’s” Board of Directors held a meeting
	On March 14, 2011 the Board of Directors of OJSC “Nizhnekamskneftekhim” held its regular meeting chaired by PSC “TAIF” General Director and the Chairman of the company’s Board of Directors Mr. A. Shigabutdinov.

 

	21.01.2011 Tatar-inform,
	In 2010 "TAIF’s" Sales Revenue Amounted To RUB 340 Billion
	A. Shigabutdinov: “2010 was the most challenging year in the whole history of the company”. In 2010, PSC “TAIF” produced commodities and rendered services to the amount of RUB 340 billion, including RUB 260 billion in the oil refining and petrochemical sector. It is 3 times the performance of 2005 and 10 times – the performance of 2000.

 

	21.01.2011 Tatar-inform,
	In 2010 "TAIF" produced goods and rendered services to the amount of RUB 340 bln.
	In 2010 PSC "TAIF" produced goods and rendered services to the amount of RUB 340 bln, including RUB 260 bln in petrochemicals and refinery. This is 3 times more than the amounts in 2005 and 10 times more than in 2000.

 

	21.01.2011 RBC,
	The Board of Directors of "Nizhnekamskneftekhim" approved the business plan for the strategic development program up to 2016
	The Board of Directors of OJSC "Nizhnekamskneftekhim" approved the business plan for the company’s 2011-2016 strategic development program with the outlook up to 2020. This was specified in the company’s message.

 

	19.01.2011 RosBusinessConsulting,
	According to Russian Accounting Standards, the net profit of "Nizhnekamskneftekhim" was in 2010 over RUB 7 bln
	According to Russian Accounting Standards (RAS), the net profit of "Nizhnekamskneftekhim" was in 2010 over RUB 7 bln, which is 16.4 times more than the 2009 value equaled to RUB 424, 3 mln. This was stated in the message of the media office of the company with reference to the general director of "Nizhnekamskneftekhim" Vladimir Busygin. At that, the sales revenue amounted to RUB 94 bln, which is 57% more than in 2009.

 

	12.01.2011 Tatar-inform, Lyutsia Kamalova
	The memorial plaque of Khadi Atlasi was mounted in the Drozhzhanovskiy district of the Republic of Tatarstan
	Today the ceremonial event took place in Nizhneye Chekurskoye village of the Drozhzhanovskiy district of Tatarstan, which was devoted to opening the memorial plaque for the outstanding Tatar public and religious figure, scientist and chronologist Khadi Atlasi. In order to venerate his memory, the Drozhzhanovskiy district was visited by the representative delegation from Kazan, which included deputies of the State Counsel of the Republic of Tatarstan, poet Razil Valeev and play-writer Tufan Minnullin, the general director of “Idel-Press” publishing office of OJSC “Tatmedia” Islam Akhmetzyanov, the director of the Tatar State Academic Theatre named after G. Kamal Shamil Zakirov as well as representatives of the Writers Guild of RT, actors of the mentioned theatre and others.

 

	30.12.2010 Tatar-inform,
	“Nizhnekamskneftekhim” became a winner of the competition “Russian entity with high social efficiency”
	The Tatarstan’s company “Nizhnekamskneftekhim” became a winner and a runner-up on the two nominations of the all-Russian competition “Russian entity with high social efficiency”, according to the press office of the Ministry on Economics of the Republic of Tatarstan.

 

	26.11.2010 Tatcenter,
	RUR 71 million has already been spent for buildings group renewal on the Sviyazhsk island
	Construction and renewal work on the Sviyazhsk island of Tatarstan will be finished by May 2011. The buildings group, namely a treasure house, a public office, a prison, a hospital and a bath house are externally adjusted at the moment. The interior furnishing will be ready by December; just the ancient interior will remain to be renewed. RUR 71 million is spent for Sviyazhsk at the present time and the finishing work will cost RUR 25 million extra.

 

	11.08.2010 TatCenter,
	“TNV” TV Channel Added To Basic “NTV Plus” Package
	Since July 26 a Tatarstan TV channel “TNV” is broadcasted within the basic package of a satellite service provider “NTV-plus”. The package “Basic” of the “NTV-plus” platform includes 79 channels, among them – 5 children channels, 6 sport channels, 9 music and 11 information channels. In order to watch “TNV”, a manual search is required: speed - 27500, FEC - 3/4, frequency - 11785, polarization – rotary (R), satellite – "Eutelsat W7", as reported by “TNV”. “TNV” Channel is the first satellite tv channel in Tatarstan and broadcasts in 2 official languages of the republic: Tatar and Russian. The channel’s programs include over 40 own-produced projects.

 

	27.04.2010 «Vremya I dengi», Ning Agaeva
	TAIF to raise resources for new investment projects
	In order to implement the ambitious investment plans till the year 2017 to the amount of RUB 355.5 billion, TAIF optimizes the expenses and looks for the ways to raise additional financing, including IPO. Last Friday Annual Meeting of PSC “TAIF” shareholders was held, where the results of the company’s activity in 2009 were summarized. As the General Director of PSC “TAIF” Albert Shigabutdinov stated in his report, TAIF Group prevented decrease in the production volume in 2009. An aggregate revenue of TAIF Group companies amounted to almost RUB 257 billion, and the physical index of industrial production made up 104%. Over RUB 22.7 billion of taxes and duties were paid to multiple-level budgets. Net profit amounted to RUB 19 billion.

 

	24.04.2010 «Kommersant», Yulia Garaeva
	TAIF up to go public // The Group announced its plans to carry out IPO in several stock exchanges simultaneously
	Yesterday TAIF Group again reminded of its plans to carry out IPO. Through placement of 10 – 23% of shares in Russian, European and East Asian stock exchanges PSC “TAIF” expects to partially finance an investment programme with overall cost of RUB 355 billion. Experts say a serious work must be done on the company’s structure transparency before the campaign starts – as of today TAIF remains among the most non-public Russian companies.

 

	23.04.2010 «Tatar-inform», Mikhail Mironov
	TAIF Group plans to invest RUB 355 billion to petrochemicals within 6 years
	The Group’s investment programme was reviewed in connection with the crisis and new conditions of raw materials supply.

 

	20.04.2010 «Vremya I Dengi», Emilia Khabibullina
	Two Years to Respite. “Kazanorgsintez” Management Announced Deadlines to Come Out of Recession.
	According to the results of the year 2009 OJSC “Kazanorgsintez” will not pay dividends: the company ended the reporting period with a net loss to the amount of RUB 2.1 billion. However the company plans to receive profit as early as by the end of 2010 and to resume the third stage of the investment program in two years. This was announced yesterday in the general meeting of the shareholders of “Kazanorgsintez”.

 

	19.04.2010 «ExpertVolga» Magazine, Vadim Ponomarev
	Managed to Keep Head Above Water
	One of the biggest domestic petrochemical plants – “Nizhnekamskneftekhim” (NKNH, Tatarstan, under control of a Republican group “TAIF”) reached pre-crisis production output volume this winter. In the first quarter of 2009 production volume at the enterprise dropped three times. “But due to implementation of the antirecessionary measures program since the second quarter of 2009 a tendency to recovery appeared, and in the third and the forth quarters pre-crisis production volumes were achieved”, General Director of NKNH Vladimir Busygin stated at the company’s Annual Meeting of Shareholders.

 

	06.04.2010 «PRIME-TASS»,
	In January-May 2010 “Nizhnekamskneftekhim” Increased Production Output by 28.4%
	In January-May 2010 OJSC “Nizhnekamskneftekhim” increased commodity output in comparable prices by 28.4 per cent up to RUB 16 billion year-on-year. This was reported to PRIME-TASS by the company’s management.

 

	09.03.2010 «NeftegasExpert»,
	In January-February 2010 "Nizhnekamskneftekhim" Increased Commodity Output by 42.2 per cent up to RUB 10.3 billion.
	In January-February 2010 "Nizhnekamskneftekhim" Increased Commodity Output by 42.2 per cent up to RUB 10.3 billion year-on-year. This was reported to PRIME-TASS by the company’s management staff.

 

	16.01.2010 Kommersant,
	Sales profit of “Nizhnekamskneftehim” may amount to 2,9 bln in 2009
	OJSC “Nizhnekamskneftehim” (NKNH) expects the sales profit for 2009 to amount to 2,9 billion rubles. In 2008 sales profit of NKNH was 7,5 billion rubles. Thus according to the results of the past year this index is expected to drop 2,6 times. Net profit of the company for 2009 has not been announced yet.

 

	22.12.2009 «Vremya I dengi»,
	“Kazanorgsintez” shareholders approved receipt of credit facilities from Sberbank
	The shareholders of OJSC “Kazanorgsintez” approved the agreement on opening of a credit line between the company and Sberbank and a loan agreement between “Kazanorgsintez” and “TAIF” Group.

 

	02.12.2009 «Vremya I Dengi»,
	"Nizhnekamskneftehim" Ahead of Schedule
	In Nizhnekamsk, another meeting of the Board of Directors of OJSC “Nizhnekamskneftehim” took place under the chair of Director General of PSC “TAIF” and the Chairman of the Board of Directors of OJSC “Nizhnekamskneftehim” Albert Shigaboutdinov.

 

	19.11.2009 RCCnews.ru,
	«Kazanorgsintez» and «Gazprom» came to agreement
	OJSC «Kazanorgsintez» (KOS) and OJSC «Gazprom» managed to settle a longstanding dispute on the volumes and prices of the supply of raw materials. This was announced on November 17 by the Head of the Russian Government Mr. Vladimir Putin at the meeting on the development of petrochemistry and gas chemistry in the Russian Federation.

 

	18.11.2009 «Vedomosti», Alexandra Terentieva, Maxim Tovkailo
	Putin Delivered a Judgment
	Yesterday Prime Minister Vladimir Putin drew a line under the argument between “Kazanorgsintez” (KOS) and “Gazprom”. They agreed on the conditions of supply of ethane to the plant in Kazan.

 

	18.11.2009 «Vremya I dengi»,
	Precious Ethane. Vladimir Putin Sorted Out The Controversy Between "Kazanorgsintez" and "Sibur"
	Yesterday Federal media published one more piece of news on the petrochemical discussion in Nizhnekamsk held by the Prime Minister of the Russian Federation Vladimir Putin on November 17. The intervention by the head of the Government resolved the issue of the dispute between “Kazanorgsintez” and the agent of “Gazprom” –“Sibur” company in regards to the conditions of the supply of ethane to the Tatarstan enterprise.

 

	31.10.2009 «Kommersant», Julia Garaeva
	High Pressure Guarantees // «Kazanorgsintez» will overcome the debt problem with government support
	// «Kazanorgsintez» will overcome the debt problem with government support OJSC «Kazanorgsintez» (KOS) closely approached the matter of RUB 1 bln. debt restructuring. Yesterday the government commission headed by Russian Senior Vice-Premier Igor Shuvalov approved granting of state guarantees to the total amount of RUB 17,5 bln to KOS and PSC “TAIF”, RUB 10 bln. out of this amount is the share of “Kazanorgsintez”. Experts think, now the enterprise may easier agree on debt refinancing with banks. At all that, the state support might require refusal of the tolling scheme that is of benefit for KOS, not on the most favorable conditions though.

 

	30.10.2009 «Vedomosti», Alexandra Terentieva
	«Kazanorgsintez» to obtain state guarantees
	Commission for Improvement of Sustainability of Economical Development presided by the Senior Vice-Premier Igor Shuvalov approved the provision of state guarantees to “Kazanorgsintez” (KOS) and TAIF Group, as reported by a representative of Shuvalov’s secretariat. KOS will receive state guarantees to the amount of 10 billion rubles, and “TAIF” – to the amount of 7 billion rubles.

 

	23.10.2009 «Expert» magazine,
	Must Meet Deadlines
	Sberbank may give a credit to the amount of 30 billion rubles to a Tatarstan petrochemical enterprise “Kazanorgsintez” (KOS) for refinancing of the debt of the “polyethylene giant” (the enterprise produces 38% of Russian polyethylene and has control over more than half of the production of polyethylene tubes in Russia) that has reached USD 1 bln. This info was given to “Interfax” by a representative of KOS controlling shareholder – a Tatarstan group TAIF. “The thing is that the amount of the credit must cover the amount of the enterprise’s debt”, he said.

 

	01.08.2009 Neft & Kapital,
	Against Government Guarantee the debts of “Kazanorgsintez” are restructured by the creditor banks
	In July, the Commission on Improvement of Economical Development headed by the Senior Vice- Premier Igor Shuvalov recognized the expediency of provision of the creditor banks with the government guarantees for 15 billion rubles for restructuring of the enterprise’ s debt appeared in the context of the global crisis; it also offered the Russian Federation Government to make a favorable decision on this issue. At the same time the creditor banks were proposed elaboration of a refinancing model in the course of two weeks (a week before the planned finalizing of state guarantees’ ; formalization). From the perception of the shareholders of “Kazanorgs intez”, debt restructuring implies not only keeping the control over the company but also an opportunity of implementation of the plans announced concerning further development of its production capacities.

 

	12.05.2009 RCCnews.ru,
	OJSC “Nizhnekamskneftekhim” produced marketable goods for RUB 4.5 billion
	On the regular meeting held by the General Director of OJSC “Nizhnekamskneftekhim” Vladimir Busygin hid deputy for production L. Malcev told about the results from operations for the four-month period.

 

	29.04.2009 Kommersant,
	The estimated cost of construction of heavy residue conversion complex by OJSC “TAIF-NK” is USD 2.2 billion
	Alexander Babynin, General Director of PSC “TAIF-NK” informed that the estimated volume of investments to the construction of heavy residue conversion complex of the PSC “TAIF-NK” Refinery was USD 2.2 billion. As he said, RUB 500 million had been already invested to the project at that stage; the negotiations were being conducted to attract the remaining volume of financing. Mr. Babynin said that the construction of the complex would be completed in 2014. After the commissioning of this facility PSC “TAIF-NK” would increase the volume of processing from 8.2 to 9.1 million tons and would produce fuel of Euro-5 quality.

 

	29.04.2009 Kommersant,
	The estimated cost of construction of heavy residue conversion complex by OJSC “TAIF-NK” is USD 2.2 billion
	The estimated cost of construction of heavy residue conversion complex by OJSC “TAIF-NK” is USD 2.2 billion Alexander Babynin, General Director of PSC “TAIF-NK” informed that the estimated volume of investments to the construction of heavy residue conversion complex of the PSC “TAIF-NK” Refinery was USD 2.2 billion. As he said, RUB 500 million had been already invested to the project at that stage; the negotiations were being conducted to attract the remaining volume of financing. Mr. Babynin said that the construction of the complex would be completed in 2014. After the commissioning of this facility PSC “TAIF-NK” would increase the volume of processing from 8.2 to 9.1 million tons and would produce fuel of Euro-5 quality.

 

	15.04.2009 “Vremja I Dengi” (“Time & Money”) newspaper,
	“Pyramid” will open new dimensions
	Cultural and Entertainment complex "Pyramid" appeared as a place of great expectations but it seems that it had not meet them and failed to become the favorite place for leisure of people living in Kazan. With the new management that came to “Pyramid” not long ago, the hope emerged that "Pyramid" would start shining with new dimensions. Today, we are talking about the future of Cultural and Entertainment Complex with General Director of Closed Joint Stock Company "TAIF-Art" Ildar Galiakhmetov.

 

	14.04.2009 Kommersant,
	OJSC “Kazanorgsintez” resumed the production of polycarbonates
	First Deputy General Director - Director for Production of OJSC «Kazanorgsintez» Andrey Potashkin informed that the Company resumed the production of polycarbonates with reported 70% capacity utilization rate. He explained that the production of Bisphenol-Ŕ (Bisphenol A makes a feedstock for production of polycarbonates) and polycarbonates on the facilities of the Company was stopped on December 26, 2008 as the supplies of steam were ceased following the accident on the TTP-3 in Kazan. Mr. Potashkin said that steam in heat tracers pipelines used to apply steam to product pipeline to maintain stable temperature) converted into water and, as a result, the product solidified in pipeline and the low-level partial polymerization happened.

 

	10.04.2009 “Vremja I Dengi” (“Time and Money”),
	OJSC “Nizhnekamskneftekhim” keeps production level
	For the first quarter of 2009, OJSC “Nizhnekamskneftekhim” produced commercial goods for RUB 10.9 billion and exceeded by 4% the target level of production. This information was published in the Company’s corporate newspaper with reference to Deputy General Director for production Leonid Malcev.

 

	02.04.2009 Plastics.ru,
	OJSC “Nizhnekamskneftekhim” successfully executed the offer
	Under the situation of financial crisis and unstable situation at the global and Russian financial market, OJSC Nizhnekamskneftekhim once again confirmed its image of a reliable borrower and a first-class issuer.

 

	01.04.2009 RCCnews.ru,
	OJSC «Kazanorgsintez» put into operation a new storage base for liquefied oxygen
	On March 20, the press-service of OJSC “Kazanorgsintez” reported the commissioning of the new storage base for liquefied oxygen. The base consists of four compact storage systems, BCX-63/0.6 - type, situated in the processing shop for production of nitrogen and air of the Nitrogen, Oxygen, and Refrigeration Plant on the nitrogen-air station of the 891st facility.

 

	16.03.2009 RCCnews.ru,
	«Nizhnekamskneftekhim» developed the technology of propane purifying
	“Nizhnekamskneftekhim” developed the technology of propane purifying As reported by press-service of “Nizhnekamskneftekhim”, on March 25, 2009, the Company developed the technology of propane purifying for production of polyethylene. This technology has been known already but it was the first time when it was used in commercial scale by OJSC “Nizhnekamskneftekhim”. Propane being one of the feedstock components of polyethylene production is produced by Divinyl and Hydrocarbon resources plants. Nevertheless, produced propane contains the additive of methanol.

 

	11.03.2009 Interfax – Povolzhjie,
	“Nizhnekamskneftekhim” started the operation of nearly all units after their shutdown at the end of 2008 – beginning of 2009
	Deputy General Director of OJSC “Nizhnekamskneftekhim” Igor Larionov informed Wednesday during the meeting of the Ministry of Land and Property Relations that nearly all production facilities of the Company were put into operation. Mr. Larionov said, “At the moment, nearly all production facilities of the Company are operating. The maximum percentage of shutdowns was recorded in November 2008 – January 2009. In March, the Synthetic Rubber plant, Isoprene Rubber plant were put into operation; the alpha-olefins production, one facility for production of ethylene oxide with associated production of ethyl benzene and styrene will be restarted soon”. Mr. Larionov explained that OJSC “Nizhnekamskneftekhim” felt the touch of crisis for the first time in last September. In October, the decision was taken by OJSC “Nizhnekamskneftekhim” to implement the “all-round regime of economy – starting from the changes in the bonuses’ distributions and ending with the reduction in the number of company cars and the limitation of their use”.

 

	04.03.2009 Kommersant,
	TAIF increased its revenue
	In 2008, TAIF GROUP had over RUB 290 billion of revenue, according to preliminary data, as it was informed by the press service of the company with reference to Albert Shigaboutdinov, General Director of the Company. In 2007, the Group earned RUB 192.1 billion of revenue. Thus, the 2007 result can be increased 1.5 times. The company informed, as well, that on the back of decrease in capitalization of the companies of the Group by USD 4 billion, TAIF reported no net profit in accordance with RAS. The company informed that if the decision was taken by TAIF to pay dividends, their amount would be too small. This taken into account that distribution of dividends can take place subject to the shareholders’ decision to use them for the support of the companies. TAIF GROUP holds the controlling stake of OJSC “Kazanorgsintez”, OJSC “Nizhnekamskneftekhim”, 100% of shares of OJSC “TAIF-NK”.

 

	25.02.2009 Tatar-inform,
	Mintimer Shaimiev: “Within few years Tatarstan will process all its produced crude”
	Today, President of Tatarstan took part in the ceremonial meeting on the occasion of commissioning of polyethylene production plant by OJSC “Nizhnekamskneftekhim”. During his visit to OJSC “Nizhnekamskneftekhim” Mintimer Shaimiev had a look at a number of new facilities, including the recently launched third line of polystyrene production with 70 th tpa production capacity. Besides, the upgrading project for this line is developed already: as soon as the foaming and extrusion unit will be purchased for USD 10-15 mln, this line can be used for production of foamed polystyrene.

 

	25.02.2009 “Respublika Tatarstan” (“Republic of Tatarstan”), Irina Demina
	Petrochemical companies: from monomers to polymers …and to the ecologically clean fuel
	Global financial and economic crisis did not interfere in the plans of "Nizhnekamskneftekhim" to put into operation the next scheduled production of plastics. In the beginning of February, OJSC “Nizhnekamskneftekhim” produced the first batch of commercial polyethylene. Thereby within the framework of advanced program of development OJSC “Nizhnekamskneftekhim” completed the program for organization of manufacture of new necessary products for the Republic of Tatarstan such as polystyrene, polypropylene and polyethylene. Yesterday, the new plant was visited by President Mintimer Shaimiev, First Vice Prime Minister Ravil Muratov, and the Heads of the Ministries, governmental departments and large Republican companies. They visited, as well, the Refinery of OJSC “TAIF-NK” and participated in the ceremony of commissioning of the complex of facilities for production of additives being necessary for production of quality motor gasoline.

 

	07.02.2009 “Kommersant”,
	Nizhnekamskneftekhim" INC increased rubber production
	In 2008, OJSC “Nizhnekamskneftekhim” produced over 425 thousand tons of rubbers, a y-o-y increase by 12%, according to the information provided by the Company. The Company’s press-service informs that the total volume of rubber production by the sector declined by 3.3%. The Company augmented the output in 2008 against 2007 of synthetic isoprene rubber by 6.3%, butyl – by 10.9%, polybutadiene – by 34.5%. To date, the Company produces 7 types of synthetic rubber applied for tyres and unique plastics. OJSC “Nizhnekamskneftekhim” produces chemicals and petrochemicals and is one of the largest producers of synthetic rubbers in Russia. TAIF GROUP controls 79.3% of the OJSC “Nizhnekamskneftekhim” voting shares with 50% in trusteeship management.

 

	29.01.2009 By: “Vremja I Dengi” (“Time and Money”),
	“TAIF-NK” to work for Tatarstan
	The budget system cries for safe. Two more positions were added to the list of actions against crisis as the extraordinary measures. These measures presuppose that OJSC “TAIF-NK” will supply motor fuel to the Republican gasoline stations and power system. This was announced by Deputy Minister of Industry and Trade of the Republic of Tatarstan Farid Tuktarov on the briefing in “Tatmedia” agency where the minimization of the economic crisis results by the Ministry of Industry and Trade was discussed.

 

	23.12.2008 “Kommersant”, U. Garaeva
	«Nizhnekamskneftekhim» against the crisis // The Company is going to build the ethylene production for RUB 84 bln
	The project of OJSC «Nizhnekamskneftekhim» for construction of ethylene complex with 1 mln tons capacity was yesterday included in the list of the projects having a priority for Tatarstan. These projects will be the first to receive the financing and support from the government. The cost of production is RUB 84 bln; it will be paid back in three years, but the date of start of construction and the sources of financing are not determined yet. The experts consider that under conditions when the price for ethylene fell by 75%, the project may turn out to be unprofitable.

 

	22.12.2008 AKM,
	“TAIF-NK” to establish its own network of 200 fuelling stations
	OJSC “TAIF-NK” to establish its own network of gas fuelling stations OJSC «TAIF-NK» is going to establish its own network of 200 gas fuelling stations for distribution of solely those petrochemicals that were produced by “TAIF-NK” under its brand name. This was announced today in Nizhnekamsk during the presentation of “TAIF-NK” development plans by the Company’s General Director Alexander Babynin. He said that the Company has owned 6 fuelling stations already.

 

	22.12.2008 “Tatar-inform”,
	The companies and institutions of Tatarstan became the laureates of the premium “Best ecological project”
	The solemn ceremony honoring the laureates of the premium “Best ecological project of the year” organized by the Ministry of Nature of Russia took place on December 11, 2008 in Moscow. According to the information provided by the press-service of the Ministry of Ecology and Natural Resources of the Republic of Tatarstan, the following participating companies from Tatarstan became the laureates of the premium: OJSC “TAIF-NK” in the category “Ecological efficiency of the economy”, Almetievsk municipal preschool educational institution “Child care center № 44”, and Almetievsk District Branch of the Russian Society of Nature Conservation.

 

	12.12.2008 “Vremja I Dengi” (“Time and Money”),
	Vladimir Busygin: “Nizhnekamskneftekhim” employees will be paid their wages on time”
	“Vremja I Dengi” newspaper published yesterday about the reduction in days of the working week and the placing on administrative leave on OJSC “Nizhnekamskneftekhim”. Yesterday, the company’s management addressed to the editorial of the newspaper with the official comments in this respect.

 

	22.11.2008 Tatar-inform,
	Mintimer Shaimiev awarded “Rubin” with the golden medals of the Russian Championship
	The ceremony of awarding the Champion of the Russian Federation in football - “Rubin” football club – with the golden medals took place today in Kazan Basket-hall. President of the Republic of Tatarstan Mintimer Shaimiev participated in this solemn event. FC “Rubin”, for the first time in the history of Tatarstan and Kazan, earned the title of the Champion of Russian Federation in football – 2008, 3 tours earlier the official end of the Russian Football Championship. The celebration itself and the ceremony of distribution of the golden prizes were left for the last day of the Championship. This day “Rubin” had started with a play against “Lokomotiv” on the Central Stadium; just two hours later, the football players representing the Champion team were sitting on the tribunes of the Basket-hall where the impressive program was specially organized.

 

	15.11.2008 “Kommersant”,
	“Kazanorgsintez” increased revenues
	During January-September, OJSC “Kazanorgsintez” received RUB 18.76 bln of revenues that exceeds by 22.1% the same period of the last year. The Company explains the increase in revenues by the increase in sales volume, the prices for production and the changes in the structure of loading.

 

	11.11.2008 “Kommersant”, Julia Garaeva
	TAIF is authorized to announce // The Group of Companies asks for money from “Vnesheconombank”
	PSC «ŇAIF» was the first Company from the Republic of Tatarstan to appeal to “Vnesheconombank” with a request to borrow RUB 16 bln for refinancing the credits of “the companies from the Group”. As the experts say, TAIF would, first of all, improve the situation on OJSC “Kazanorgsintez” those debt-to-equity ratio exceeded the limits announced during the issue of euro bonds.

 

	30.07.2008 Neft & Kapital,
	Albert Shigaboutdinov: “Kazanorgsintez” is going through a period of changes
	In August, the realization of the first stage of the development program of the largest polyethylene producer in the Russian Federation, OJSC “Kazanorgsintez”, is to be completed. The five years long modernization turns this enterprise into one of the most developed petrochemical facilities of Russia and Europe. The second stage of the development program that will be started soon covers the construction of a number of new facilities (including ethylene production), a twofold increase of production capacities and a fourfold increase of revenues. There are some reasons to suggest that “Kazanorgsintez” will realize the second, and later the third stage of the development in partnership with OJSC “Gazprom”. The latter can become the owner of the blocking stake of “Kazanorgsintez” in the nearest future with majority stake to be acquired in a four- or five-year period. “Neft & Kapital” reporter discussed the perspectives of the “Kazanorgsintez” development, the possible changes in the company’s shareholding structure with Albert Shigaboutdinov, General Director of PSC “TAIF”, the company that controls “Kazanorgsintez”.

 

	19.07.2008 Pryamie Investicii (Direct Investment), Alena AHMADULLINA
	European standards of TAIF's
	The Russian petrochemical industry is rapidly gaining strength providing products of high depth of processing instead of that of low value added. The tendency was repeatedly noted by Vladimir Putin. Albert Shigaboutdinov, General Director of PSC “TAIF”, the largest investment company in Tatarstan, having the budget forming petrochemical companies in TAIF GROUP, gave interview to the “Vesti” magazine about the current situation and the outlook of the Russian petrochemical industry, the role of small business in it, as well as the problem of high local prices.

 

	30.06.2008 Neft & Capital,
	Alexander Babynin: “We intend to double the turnover and treble the net profit”
	In 2007 the TAIF Company, which integrates the major part of oil refining, gas- and petrochemical facilities of Tatarstan, consolidated oil refining assets in its subsidiary company, TAIF-NK. Thus, what had been de facto for long, became de jure now: There is an integrated plant in Nizhnekamsk in operation which, in terms of production capacity and volume of output, is within the Russia’s top ten refineries. The company is actively developing, providing with production output increase, expansion of the product mix, and improvement of petroleum products’ quality. Mr. Alexander Babynin, General Director of TAIF-NK presented his views to the “Neft & Kapital” (N&K) magazine on what the plant is today and on perspectives of its development.

 

	25.04.2008 “Tatar-inform”, Sergey Tolmackij
	Rustam Minnikhanov: “TAIF” is facing serious tasks”
	Today, during the Annual General Shareholders Meeting Prime, Minister of the Republic of Tatarstan Rustam Minnikhanov gave his positive response to the results reached by PSC “TAIF” in 2007 and specified the tasks for 2008.

 

	17.04.2008 “Vremja I Dengi” (“Time & Money”), Emilia Khabibullina
	Rustam Minnikhanov: "Thank you for the aggressive strategy". "Kazanorgsintez" held its shareholders meeting
	Passed year "Kazanorgsintez" is a large company. According to the 2007 results, the Company produced 40% of all polyethylene produced in Russia while the Company’s total revenue made over RUB 21.5 bln reflecting an increase by 5,8 bln or 37.3% over the previous year, and net income was RUB 2.6 bln. Physical volume of produced goods made 128% to the total volume of 2006. It should be noted that in 2007 the Company twice increased its previous year export volumes, i.e. up to 27% or RUB 5.8 bln in money terms.

 

	16.04.2008 Russian News and Information Agency “Novosti”, Irina Durnicina
	"Kazanorgsintez" distributed 30% of net income for dividends payment
	As it was announced by General Director of OJSC "Ęazanorgsintez" Leonid Alekhin, the company being an important producer of polyethylene in the Russian Federation, would pay dividends covering the financial year 2007 at 25 kopeks per privileged share and 42 kopeks per ordinary share of 1 ruble par value. The General Director said that RUB 780.9 mln in total would be distributed for dividend payments.

 

	16.04.2008 Tatar-inform, Sergey Semerkin
	Positive estimation of OJSC "Kazanorgsintez" operation in 2007 by Rustam Minnikhanov
	OJSC “Kazanorgsintez” summarized the results of the Company’s operation in 2007 on its annual general shareholders meeting held with the participation of Prime Minister of the Republic of Tatarstan Rustam Minnikhanov.

 

	08.04.2008 , RCC.ru news service
	Fitch rating agency raised the long-term rating of OJSC “Nizhnekamskneftekhim”
	International rating agency Fitch has confirmed its rating of OJSC “Nizhnekamskneftekhim”: long-term Issuer Default Rating (IDR) at “B+”, senior unsecured rating at “B+” and short-term IDR at “B”. National long-term rating is confirmed at “A(rus)” (Russian credit rating scale). The long-term rating outlook is changed from “Stable” to “Positive”. This change reflects the Fitch’s expectations that “Nizhnekamskneftekhim” will succeed in the realization of its capital investments program for USD 889 mln for 2006-2010.

 

	20.11.2007 Tatar-inform, Bulat Srurov
	Mintimer Shaimiev: “We will seek to ecological compliance of every new production”
	Today, a municipal water treatment plant was officially commissioned in Nizhnekamsk. The main control buttons on the portable control panel were pushed by First Deputy Prime Minister of Russia Sergei Ivanov, President of the Republic of Tatarstan Mintimer Shaimiev and Plenipotentiary Representative of the Russian President in the Volga Federal District Alexander Konovalov.

 

	10.10.2007 Tatar-inform, Sergey Tolmackij
	An expert with world-wide reputation paid a visit to “TAIF-NK”
	Today, one of the best experts for the risk engineering on the world insurance market visited Nizhnekamsk.

 

	29.08.2007 Intertat.ru, Kristina Ivanova
	The official foundation stone ceremony of the major objects of the Universiade was held in Kazan
	The official foundation stone ceremony of one of the major objects of the Universiade - Kazan Tennis Academy and Water Sports Palace - was held today. The ceremony was held on the bare space on Orenburgsky Trakt where in 1.5-2 years the world class sport complex is planned to be completed as a part of the preparation and application campaign for Universiade 2013. The Tatarstan top government officials attended the event. The construction was officially started by President of the Republic of Tatarstan Mintimer Shaimiev, President of the Russian Tennis Federation Shamil Tarpishchev, Prime Minister of Tatarstan Rustam Minnikhanov, Deputy Chairman of the State Council of the Republic of Tatarstan Alexandr Gusev, Mayor of Kazan Ilsur Metshin, General Director of PSC “TAIF” Albert Shigaboutdinov, “Sintez” Water Polo Team Captain Irek Zinnurov, the Team Head Coach Vladimir Zakharov, and other officials. Mayor of the candidate city for the World Student Games 2013, Ilsur Metshin, was the first who gave speech. The Mayor expressed thanks to the Tatarstan government and TAIF Group of Companies for the support in the sport complex building and construction. “We are striving to bring the World Universiade 2013 to Kazan, and these objects will help us to succeed”, Ilsur Metshin noted. As the Mayor said, students of children’s sport schools – future winners of the largest international competitions – will train in the Water Sports Palace and the Tennis Academy.

 

	02.08.2007 “Tatar-inform”, Bulat Srurov
	Forty years of creative work
	Yesterday, the whole day long, Nizhnekamsk had been the place of a great celebration of the 40th anniversary of OJSC "Nizhnekamskneftekhim". This event that took place at one of the largest petrochemical enterprises in Europe was attended by President of the Republic of Tatarstan Mintimer Shaimiev, Prime Minister Rustam Minnikhanov, Chairman of the State Council Farid Mukhametshin, the First Vice Premier Boris Pavlov, the heads of ministries, the heads of some municipal districts, the heads of the largest petrochemical companies.

 

	27.06.2007 “Tatar-inform”,
	State to keep the share in «Nizhnekamskneftekhim» with its 15 times increase of issued capital

 

	27.06.2007 «Tatar-Inform», Anvar Malikov
	Rustam Minnikhanov: “TAIF should foster (contribute to) the middle class formation in Tatarstan”
	Today, the Annual General Shareholders Meeting was held at PSC “TAIF”. The Meeting was attended by Prime Minister of the Republic of Tatarstan Rustam Minnikhanov. Albert Shigaboutdinov, General Director of PSC “TAIF”, said, TAIF GROUP focused on the large-scale projects of modernization of the oil and gas refinery complex in 2006. The activity of the Company was aimed at fulfilling the tasks set by the Government of Tatarstan and specified in the President’s Program of Chemicals, Petrochemicals, Oil and Gas Refinery Sector Development in the Republic of Tatarstan for 2004-2008 and the Decisions of the Security Council of the Republic of Tatarstan.

 

	16.03.2007 “Vremya & Dengi” (“Time & Money”) newspaper,
	“Nizhnekamskneftekhim” received Super Grand Prix for the

 

	21.02.2007 “Kommersant” newspaper, T. Korneeva, L. Mirgazieva
	Bitumen produced in Nizhnekamsk to lay a road to China // The Republic discusses joint venture possibilities with Kazakhstan

 

	12.02.2007 Intertat.ru, E. Gazizova
	Start-up of the oxidized road bitumen production by “TAIF-NK”

 

	06.02.2007 “Vremya & Dengi” (“Time & Money”) newspaper,
	"Nizhnekamskneftekhim"reviews the development strategy
	The ordinary meeting of OJSC “Nizhnekamskneftekhim” Board of Directors chaired by PSC “TAIF” General director Albert Shigaboutdinov was held on February 6, 2007.

 

	29.12.2006 “Vremya I Dengi” (“Time & Money”) newspaper,
	Tatarstan would save its share in “Nizhnekamskneftekhim”
	The Republic of Tatarstan represented by OJSC "Svyazinvestneftekhim" holding would save its stake in the issued share capital of OJSC “Nizhnekamskneftekhim”. This information was announced by Prime-minister of the Republic Rustam Minikhannov.