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  “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.

Rustam Minnikhanov said during the press conference after the meeting that TAIF GROUP had fulfilled and overfulfilled all plans scheduled for 2007 and achieved good results. According to him, TAIF GROUP is to face serious tasks connected with the future development of the petrochemical complex of the Republic.

General Director of PSC “TAIF” Albert Shigaboutdinov specified the projected operation figures of TAIF GROUP for 2008: sales revenue – RUB 250 bln; net income – RUB 24 bln; tax accruals – RUB 18 bln including RUB 8 bln into the budget of the Republic of Tatarstan. As a comparison, in 2007 TAIF GROUP distributed over RUB 6 bln to the consolidated budget of the Republic of Tatarstan (this is a record-high amount of taxes ever distributed into the budget).

Albert Shigabutdinov said: “The next year will be the closing year for TAIF GROUP in terms of the work on the Presidential Program of the development of the Oil, Gas & Petrochemical Complex of the Republic of Tatarstan 2004-2008”. According to him, the current year is to mark the starting of the second stage of the OJSC “Kazanorgsintez” modernization program.

Talking about the most recent projects realized by the GROUP, one could mention the start-up of production of a new product – jet kerosene. The projected capacity of jet fuel production facilities of OJSC “TAIF-NK” is 600 th tpa.


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