On Tuesday, October 26, TAIF’s top management held a meeting with the representatives of an American investment bank Merrill Lynch (Bank of New York branch).

In the nearest future, the management of TAIF plans to have meetings with the delegates from J.P.Morgan, Deutsche Bank, Credit Suisse, RBS, Goldman Sachs, UniCredit Bank, Raiffeisenbank, ING, Sberbank of Russia, “Saint-Petersburg” Bank, Gazprombank, and Citibank Group.

The purpose of the foreign companies’ visits is financing of the future development programs of oil refining and petrochemical industry in Tatarstan. The development of these programs is a strategic task set by the President of Tatarstan, approved by the Security Council of the Republic as well as the Board of Directors and the Shareholders of TAIF Group.    

Implementation of these projects that costs $12 billion will enable TAIF Group to increase its annual revenue to $30 billion by 2017. In 2009 the Group’s revenue amounted to RUB 257 billion or approximately $ 8.5 billion.



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