TATNEFT Strengthens Cooperation with Kazakhstan
26 мартаThe documents have been signed by the Director of TOO KamaTyresKZ, representatives of the Ministry of Foreign Affairs and the Ministry of Industry and Infrastructure Development.
This package of investment agreements has been the next step in the development of cooperation between the Republic of Tatarstan and the Republic of Kazakhstan.
The documents signed with the Ministry of Foreign Affairs of the Republic of Kazakhstan regulate the main agreements of the parties on investment preferences during the construction of the factory, the investment obligations of TOO KamaTyresKZ, as well as the conditions for Kazakhstan to extend a land plot grant-in-kind for the implementation of the investment project.
The agreements with the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan are aimed at the long-term promotion of investments in the commercial-grade industrial production.
The joint venture establishment provides for the construction of a new factory in Kazakhstan with a capacity of 3 million passenger and light truck tyres, as well as .5 million of SSC truck tyres per year. The investments in the project are planned in the amount of 125 billion tenge 284 million US dollars . It is expected that the production will start in 2022. The factory is expected to reach the full design capacity in 2025.
There will be 1,116 jobs created within the project. Car tyres will be sent to Russia, Kazakhstan and Central Asian countries for the initial complete assembly of cars.
PJSC TATNEFT is one of the largest Russian vertically integrated oil companies, which dynamically develops crude oil and gas production, crude oil refining, petrochemistry, operates the tyre manufacturing complex, gas station network, is involved in the electric power generation industry, development and production the of equipment for the oil and gas industry and a block of service structures.
TOO KamaTyresKZ is a joint venture established in Kazakhstan by the companies TOO Tatneft-Neftekhim Management Company and TOO Allur Tyres in October 2020 for the purpose of organizing the production of tyres in Saran, the Republic of Kazakhstan.
JSC Allur Group of Companies is a shareholder of the largest car manufacturer in Kazakhstan TOO SaryarkaAvtoProm , which is the official distributor, manufacturer and dealer of brands JAC, Ankai, Yutong, Chevrolet, Rav on, as well as the manufacturer of Hyundai, Niva Chevrolet, UAZ and MAN in the territory of the Republic of Kazakhstan.
The "Togliattikauchuk" factory has successfully passed the audit, confirming its compliance with the requirements of the international standard of the quality management system of the automotive industry IATF 16949.
TATNEFT and the Russian Federation Ministry of Energy Have Signed an Investment Agreement on the Development of Advanced Oil Refining
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.