Tag Archives | Tatneft

Weighing the Odds in Libya

By Padraig O’Hannelly. Today’s comments from French oil major Total were decidedly bullish on the prospects of doing business in Libya, as the company committed itself to further drilling. The news follows positive signals in recent weeks from Russia’s Tatneft, which is sending personnel back to Libya, presumably with the intention of eventually resuming operations […]

Tatneft Sends Staff back to Libya

Russian oil company Tatneft has said it is sending staff members back to Libya nearly four months after meeting with representatives from the National Oil Corporation (NOC). The company — the first Russian energy company to enter Libya when it secured acreage during an international auction in 2006 — said it invested more than $250 […]

Tatneft Considers Return to Libya

Tatneft, the vertically-integrated Russian oil and gas company, is hoping to return to Libya when the situation there stabilizes, Interfax reports. “The situation in Libya is stabilizing more or less, but the matter of our workers’ safety does not at this point allow a return to the region,” said chief executive Shafagat Takhautdinov (pictured). Tatneft […]

Russia’s Tatneft unsure of return to Libya

Russian oil producer Tatneft said on Monday it was not sure whether it would be able to resume operations in Libya, more than a year after it left the country following the outbreak of a violent uprising, the company said in a statement. “The group has no confidence in whether it will be able to […]

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Tatneft 2011 Net Profit Rises 31.7% to $2.06 Bln

Tatneft, Russia’s sixth largest crude oil producer, saw 2011 net profit jump 31.7 percent year-on-year to 61.428 billion rubles ($2.06 billion) to US GAAP, the company said in a statement on Monday. Revenue rose 31.6 percent in 2011 to 615.867 billion rubles, while pre-tax profit grew 33 percent to 85.909 billion rubles. The company’s short-term […]