TATNEFT Sells Oil Products at the SPIMEX Online Auction
29 сентябряThe first export sales in the online format took place on September 25, when the company sold two delivery lots of fuel produced by the TANECO refinery complex, 60,000 tonnes each.
TATNEFT has been using the services of the SPIMEX electronic platform since December 2019. Until now, the sale of crude oil and petroleum products has been carried out exclusively in the mode of request for offers. The complement of the standard procedures with the second open stage of the online auction has increased the activity of bidders 44 steps have been taken to improve the price for the Export grade process fuel lot and 6 steps for the RMD 80 marine fuel lot and significantly improved the offer received at the first stage of the procedure.
The online trading format has increased the efficiency of the open procedure and is also more convenient for remote transactions. The Company plans to continue this practice. Currently, the system has posted another procedure in the new format, which provides for an open auction stage.
PJSC TATNEFT is one of the largest Russian vertically integrated oil companies, which dynamically develops crude oil and gas production, crude oil refining, petrochemicals production, a tyre manufacturing complex, a chain of filling stations, power engineering, development and production of equipment for the oil and gas industry and a block of service structures.
Also, TATNEFT participates in the capital of the financial banking and insurance sector companies. Website address: https://www.tatneft.ru/.
The St. Petersburg International Commodity Exchange JSC SPIMEX is the largest commodity exchange in Russia and organizes exchange trading in the markets of oil products, crude oil, gas, LPG, timber and building materials, mineral fertilizers, as well as the derivatives market. SPIMEX is implementing the task of creating a transparent mechanism for setting fair price assessment for Russian goods. The exchange was established in May 2008. The Exchange license and Clearing activity license have been posted on the website of JSC SPIMEX .
A meeting of the Board of Directors of PJSC TATNEFT named after V.D. Shashin chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on September 24, 2020.
PJSC TATNEFT, JSC Allur Group of Companies and Akimat of the Karaganda region of the Republic of Kazakhstan have signed an investment agreement on the establishment of a joint tire venture.