31 марта
Selected financial highlights below are based on the respective IFRS financial statements of the Company. These highlights do not replace the Financial Statements or the MD A and all interested persons are encouraged to read these documents for full understanding of fourth quarter and full year 2020 IFRS results. For convenience Russian ruble amounts below have been translated into U.S. dollars, for sales and other operating revenues, net profit and EBITDA* at the average exchange rate during the respective reporting period and for items of Statements of Financial Position at the exchange rate on the last date of the respective reporting period.

In the fourth quarter of 2020 Tatneft Group produced 6,465 thousand tonnes 46.1 MMbbl of crude oil and 199.2 million cubic meters of gas compared to 6,288 thousand tonnes 44.8 MMbbl of crude oil and 198.3 million cubic meters of gas in the third quarter of 2020. TANECO refinery output in the fourth quarter of 2020 was 2.8 million tonnes of refined products compared to 2.7 million tonnes of refined products in the third quarter of 2020.

In 2020 Tatneft Group produced 26,014 thousand tonnes 185.3 MMbbl of crude oil and 831.4 million cubic meters of gas compared to 29,798 thousand tonnes 212.3 MMbbl of crude oil and 1,009.6 million cubic meters of gas in 2019. TANECO refinery output in 2020 was 11.3 million tonnes of refined products compared to 10.1 million tonnes of refined products in 2019.

The Company s consolidated sales and other operating revenues on non-banking activities net of export duties and excise taxes in the fourth quarter of 2020 were 198,754 million rubles US$ 2,608 million as compared to 187,370 million rubles US$ 2,547 million in the third quarter of 2020. The consolidated profit attributable to Group shareholders in the fourth quarter of 2020 was 24,893 million rubles US$ 327 million as compared to 35,745 million rubles US$ 486 million in the third quarter of 2020.

The Company s consolidated sales and other operating revenues on non-banking activities net of export duties and excise taxes in 2020 were 720,677 million rubles US$ 9,989 million as compared to 932,296 million rubles US$ 14,401 million in 2019. The consolidated profit attributable to Group shareholders in 2020 was 103,490 million rubles US$ 1,434 million as compared to 192,260 million rubles US$ 2,970 million in 2019.

The Company s EBITDA* in the fourth quarter of 2020 was 49,505 million rubles US$ 650 million as compared to 58,367 million rubles US$ 793 million in the third quarter of 2020. The Company s EBITDA adjusted for exceptional items* in the fourth quarter of 2020 was 49,400 million rubles US$ 648 million as compared 58,748 million rubles US$ 799 million in the third quarter of 2020.

The Company s EBITDA* in 2020 was 179,871 million rubles US$ 2,493 million as compared to 290,800 million rubles US$ 4,492 million in 2019. The Company s EBITDA adjusted for exceptional items* in 2020 was 187,304 million rubles US$ 2,596 million as compared 328,412 million rubles US$ 5,073 million in 2019.

Total consolidated assets of the Company increased from 1,240,343 million rubles US$ 20,035 million as of 31 December 2019 to 1,263,441 million rubles decreased in US dollar terms to US$ 17,101 million as of 31 December 2020.

Total consolidated liabilities of the Company decreased from 488,213 million rubles US$ 7,886 million as of 31 December 2019 to 431,851 million rubles US$ 5,845 million as of 31 December 2020.

Total consolidated shareholders equity increased from 752,130 million rubles US$ 12,149 million as of 31 December 2019 to 831,590 million rubles decreased in US dollar terms to US$ 11,256 million as of 31 December 2020.

The Company s representatives will discuss the results for the fourth quarter and full year 2020 on a videoconference on 1 April 2021 at 4pm Moscow time, 2pm London time, 9am US Eastern time. The videoconference will be open to analysts and investors only. To participate in the videoconference a request should be sent to ir@tatneft.net to obtain access details. The videoconference will be recorded.


* Non-IFRS measures. Please see the MD A for definitions and calculations.

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.
25 марта
TATNEFT Company and the RF Ministry of Energy have signed an investment agreement on the creation of new production facilities at the TANECO Refinery and Petrochemical Plants Complex in Nizhnekamsk.
26 марта
TOO KamaTyresKZ (a joint venture of Tatneft-Neftekhim Management Company and TOO AllurTyres and the Ministries of the Republic of Kazakhstan have signed a package of agreements confirming the provision of state support measures for the construction of a tyre manufacturing factory in the Republic of Kazakhstan.