MOSCOW (MRC) - The enterprises of Tatneftekhiminvest-holding in the first quarter of this year recorded a record revenue of 500 billion rubles, and the total tax payments of enterprises to the consolidated budget of the Republic of Tatarstan grew 1.7 times, Business Gazeta reports citing data announced on meeting of the board of directors of the company.
At the same time, it is noted that the volume of production has been reduced for almost all companies, and it is still far from the results of the dock 2019 in many areas. So, if you look in the context of industries, then negative dynamics was recorded in the field of oil production and processing, polyethylene production. On the other hand, record volumes of diesel fuel, mineral fertilizers, detergents, polycarbonates and carbon black were produced.
"World prices for most types of products were higher than last year due to recovery after coronacrisis," R. Yarullin said. An abnormal cold snap in the United States led to a reduction in oil and gas production and a halt in chemical production in the south of the country. Together with the growing demand in China, problems at European factories, this led to a shortage of most types of basic plastics, and the prices of fertilizers rose sharply. The profitability of the processing of polymers and rubbers has decreased, and the limitation of the possibility of price increases under concluded contracts and tenders has affected. In the consumer sector, the situation is complicated by the decline in the population's income: the total number of unemployed in the country has grown by 21%. "
In January - March, production volumes in the oil and gas chemical complex of the Republic of Tatarstan decreased by 3% compared to the first quarter of 2020, at basic enterprises - by 6%.
Among other things, it was noted that Nizhnekamskneftekhim increased production by 9%. "The production of polyethylene in the Russian Federation by 2030 will grow at least 1.9 times, the transition to heavier raw materials can become a competitive advantage, because it will provide an opportunity for the development of low-tonnage chemistry," R. Yarullin said.
Kazanorgsintez increased its quarterly plastic output to 25 thousand tons, which is 7% more than last year. Polyethylene output at KOS decreased by 8%, at NKNK - by 5%. The main reason is the lack of raw materials. The reduction in oil production also led to a reduction in the supply of associated gas and ethane from Tatneft; moreover, after the accident at Ufaorgsintez, the supply of ethylene temporarily decreased.
Earlier it was reported that TAIF together with SIBUR will spend more than 1 trillion rubles. for the implementation of joint projects, Kommersant reports with reference to the words of the general director of the company Rafinat Yarullin during a meeting of Tatneftekhiminvest-holding.
It is noted that the companies plan to implement over 30 projects in total. The companies previously signed a legally binding asset pooling agreement. The deal involves the exchange of a minimum controlling stake in TAIF for a 15% stake in SIBUR. To complete the transaction, SIBUR will conduct an additional share issue. The merged enterprise will have an option to buy out the remaining stake in TAIF, and TAIF shareholders will also have the right to activate this option.
SIBUR increased sales of polypropylene and polyethylene last year amid growing utilization of the ZapSibNeftekhim complex. This led to an increase in the company's revenue in the olefins and polyolefins segment by 77.1% to RUB 187.3 billion. This growth was mainly due to an increase in sales of polypropylene and polyethylene as a result of increased utilization of the ZapSibNeftekhim complex and was partially offset by a decrease in prices for these types of products.
SIBUR is the largest vertically integrated gas processing and petrochemical company in Russia, uniting a number of production sites in various regions of the Russian Federation. The company sells products to consumers in the fuel and energy complex, automotive, construction, consumer goods, chemical and other industries in more than 80 countries around the world.
PSC "TAIF" was established in 1995, is the parent company of the group of the same name, which includes enterprises structured in four business areas: oil and gas processing, chemistry and petrochemistry (energy); investment and financial services; building; telecommunications and complex services, including trade. TAIF Group of Companies is a large Russian holding that controls 96% of the chemical, petrochemical and oil and gas processing industries in Tatarstan. The most important of its directions is the "Chemistry, Petrochemistry and Oil and Gas Processing" division, which includes the leading Russian polymer producers Nizhnekamskneftekhim and Kazanorgsintez.
Tatneftekhiminvest-holding was established in September 1994 as an industrial and financial company uniting the largest enterprises of the oil and gas chemical complex of Tatarstan. The main shareholders are Svyazinvestneftekhim, Tatneft, Nizhnekamskneftekhim, Kazanorgsintez, Nizhnekamskshina, Tatnefteproduct.