Fitch affirmed Tatneft’s credit rating at BBB- with stable outlook
23 апреляWhile affirming the rating the agency s analysts mentioned, inter alia, Tatneft s low debt level, substantial extractive activities and large oil reserves, ability to finance investment program and other obligations, including with respect to shareholders, from the operating cash flows. Fitch Ratings press-release relating to the affirmation of Tatneft s credit rating is available at https://www.fitchratings.com*
* PJSC Tatneft is not responsible for technical functioning, relevance and content of third party websites.
Forward-looking statements: This press-release contains certain statements about future events and expectations that are forward-looking in nature. Any statement in this press-release that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. PJSC Tatneft assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.
Crude Oil Production Enterprises of the TATNEFT Group of Companies produced 2,231.1 thousand tonnes of crude oil in April 2020 with the production volume from the beginning of the year amounting to 8,693.8 thousand tonnes, which was 580.6 thousand tonnes less than during the same period in 2020.
TatNIPIneft Research and Design Institute, which is a structural division of TATNEFT, has turned 65 years old.