Tatneft planning investment of 1.2 trln rubles in 2019-2030; in upstream - 799 bln rubles
MOSCOW. Sept 26 (Interfax) - Tatneft is planning investment of 1.162 trillion rubles in 2019-2030, including 799 billion rubles in the Exploration and Production segment, a strategy presentation said.
Investment is given without VAT.
Tatneft is planning to invest 194 billion rubles in refining in 2019-2030, including 164 billion rubles in TANECO; 70.6 billion rubles in the petrochemicals segment; 13.8 billion rubles in the retail business; 37.5 in the tire business and 1.6 billion rubles in energy and engineering.
In the yearly break-down, peak investment is in 2021 with 150 billion rubles. Tatneft is planning to invest 147 billion rubles next year and 131 billion rubles in 2020.
The company's investment drops significantly after 2021 to 88 billion rubles in 2022; in 2023 - 103 billion rubles; in 2024 - 71 billion rubles; then rising to 138 billion rubles 2025 before staying around 60-70 billion rubles in subsequent years.