History of the petroleum industry in Canada oil sands and heavy oil The exploitation of bituminous deposits and seeps dates back to Paleolithic times. Bitumen has been found adhering to stone tools used by Neanderthals at sites in Syria.
In the last year, which was a year of its 25th anniversary, the holding managed to generate RUB billion of revenue. And successful performance of the production programme allowed TAIF Group to further implement its strategic plans.
A reporter of Realnoe Vremya had an insight into the Group's financial and production results for At the same time, the revenue made up over RUB billion having exceeded the same indicator for the previous year - RUB According to the results ofthis indicator totaled over RUB billion i.
The growth in the companies' earnings drives the growth in the earnings of the republic since TAIF is one of the major taxpayers in Tatarstan.
Thus, last year, over RUB 63 billion of taxes and charges was paid out of the proceeds earned to all-level budgets and non-budgetary funds.
This included RUB Like in the preceding years, the major share China oil refining catalyst market 2014 the revenue profile consisted of the proceeds from sales, renting of property and suretyship services. The company's financial sustainability indicators calculated based on its annual performance exceeded the standard value.
Thus, equity-to-total-assets ratio amounted to 0. For many years, the Group's companies have been holding strong positions in the Russian petrochemicals and oil refining market. Petrochemical and oil products manufactured by the Group are in high demand both in the domestic market and abroad.
And despite the economic uncertainty increased lately and extension of economic sanctions by the US and EU states, the Group managed to raise its revenue from selling petrochemical and oil products by RUB TAIF Group's sales revenue in the foreign and domestic markets for And the Group's sales proceeds from the chemical and petrochemical businesses amounted to RUB Revenue grew by At the same time, investments in fixed assets made up RUB Due to the strategy adopted, the main production capacities for the key products have been expanded over 15 years.
Thus, ethylene production expanded 1. TAIF has been implementing large-scale investment projects for the past few years aimed at the construction of new production facilities and revamp of those already existing.
All investment programmes are of a long-lasting nature and are continuously upgraded with a glance to the current economic environment. Implementation of the development programs is estimated to cost RUB billion.
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This will allow earning proceeds in the amount of ca. In addition to petrochemicals and power energy, TAIF Group has businesses operating in other areas, too, namely, in the fields of construction, telecommunications, trade, services, and investments.
Record Processing Volumes The development of petrochemical, chemical, and power energy sectors as the areas of strategic significance for the industry and economy of the Republic of Tatarstan is the main vector of TAIF Group's activity. These businesses comprise the major share in the group's consolidated indicators.
Last year was a watershed moment for oil production and oil and gas processing sectors of the industry because of a dramatic slump in global oil prices. Inward feedstock conversion depth made up This inevitably leads to uncontrollable deterioration of the process units they were not designed for.
The company's revenue from oil and gas processing operations amounted to RUB Sales proceeds amounted to RUB Such a picture is attributable to the current macroeconomic situation in the world - not only oil prices dropped, but prices of oil products decreased much more. Despite a weakened ruble and inflation, the company managed to implement all the projects and programmes planned to the total amount of RUB 40 billion in At the end of the last year, TAIF-NK started producing gasoline meeting a new Euro-5 environmental specification ahead of the schedule set by the Russian government that became possible due to an accelerated modernization.
The company continuously seeks to improve the quality of not only motor gasoline but road bitumen grades, too. To improve the road surface quality in the Republic of Tatarstan and neighbor regions, the existing road bitumen unit of TAIF-NK will be modernized, while a polymer modified bitumen PMB production unit is under construction.
A new unit will allow adding the molecules of synthetic rubber to molten bitumen. This structure of road bitumen, though substantially increasing its production cost, will allow reaching some of the highest quality standards existing globally.
Bitumen with such specifications extends the roadway service life times since it has higher resistance to deformation, cracking and rutting when exposed to excessive vehicle loads. Its application will improve road traffic safety level and create more comfortable conditions but only subject to meeting all other existing requirements.
Indeed, construction of good roads requires not only high quality bitumen but also strict adherence to the technologies.Numerical NCCI Code List. Press “Controll” +”F” to search for a specific code or keyword on this page.
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The Global Oil Refining Catalyst Industry Market Research Report is a professional and in-depth study on the current state of the Oil Refining Catalyst industry. Refining, gas and petrochemical processing industry news. Wood has been awarded a new contract by IRPC Plc for its Maximum Aromatics (MARS) project, leveraging its operations in the south east Asian oil and gas market.
Oil refinery or petroleum refinery is an industrial process plant where crude oil is transformed and refined into more useful products such as petroleum naphtha, gasoline, diesel fuel, asphalt base, heating oil, kerosene, liquefied petroleum gas, jet fuel and fuel oils.
Petrochemicals feed stock like ethylene and propylene can also be produced directly by cracking crude oil without the need of. The Versatility of Waxes. As supplies of limited minerals have declined, innovators have developed ways to replace the functionality of these materials by modifying other waxes; this is a .