The share of the TAIF group in the whole of oil refining, chemicals, petrochemicals, energy is 44%, it also holds 33% of the total financial result of the enterprises of the republic in 2021
TAIF Group recently summarized its financial and economic performance in 2021, a brief result of its history – from 1995 to 2021 and spoke about the interim results of its operation in the first half of 2022. Realnoe Vremya has already written about this. In August, the President of Tatarstan, Rustam Minnikhanov, convened the management of the TAIF Group by teleconference to discuss the implementation of the group’s strategic development program and the tasks to be carried out in the near future. Read more in Realnoe Vremya’s report.
“TAIF Group’s investment program makes strategic sense”
Throughout the activity of the TAIF Group, the total contribution of its companies to the development of the country is not only investments in the company itself but also in environmental protection, process safety and labour, tax payments, social expenditures most of which are non-reimbursable exceeded $60 billion. . TAIF JSC General Director Albert Shigabutdinov told the President of Tatarstan about it.
“The results obtained both at the level of production and financial and economic indicators are the consequence of intensive and uninterrupted development, of modern and efficient borrowing and stock exchange actions, of billions of investments in projects aimed at expand production capacities with the latest technologies introduced in the Group’s companies,” noted Albert Shigabutdinov.
“TAIF Group’s investment program consists of projects that have strategic significance not only for the Republic of Tatarstan, but also nationwide projects,” Rustam Minnikhanov agreed and added: “It is difficult to overestimating the role of TAIF in the development of our republic, the Russian Federation.
Implementation of the development strategy: according to the plan
Dozens of large-scale programs in all areas of activity of the Group’s companies have been implemented throughout its operation: current factories have been modernized, new factories have been built, they often do not have analogues in Russia and around the world.
TAIF has not only always adhered to its schedule but, whenever possible, accelerated the schedule of investment programs. Last year, the amount of money invested in the key funds of the TAIF group amounted to almost 82 billion rubles (compared to, in 2019, the sum was 53.3 billion rubles, 78.4 billion in 2020). 91% of this money was spent on gas and oil refining, petrochemicals, chemicals and energy.
“TAIF Group investments totaled 81.7 billion rubles. This is about 19% of all major investments in our republic,” the President of Tatarstan clarified.
A series of major projects of TAIF Group ended successfully last year. Some of them are ongoing today. Rustam Minnikhanov noted that he carefully follows the successes of the companies of the Group:
“First of all, I would like to pay attention to the EP-600 new olefins plant project in Nizhnekamsk, the DSSR rubber project with a capacity of 60,000 tons per year completed last year, the expansion of the production of polycarbonate in Kazanorgsintez and of course the construction of new energy capacities in Nizhnekamsk and Kazan.The big milestone of the launch of the heavy tailings high conversion facility in TAIF-NK last year is also noteworthy.
The test launch of the heavy tailings high conversion facility at TAIF-NK JSC has indeed become an important event not only for TAIF Group, Tatarstan and Russia. The official start-up of the world’s first and only major VCC-based facility (Veba Combi Cracking) is a milestone for the petroleum refining industry worldwide, it is living proof of the possibility of refining economically profitable tar with the largest production of high-quality light oil products.
“The number of results obtained at TAIF-NK in the conversion rate of light petroleum products and the Nelson index in 2021 demonstrated the technological complexity and uniqueness of the project implemented by the company with its own innovations and solutions based on production and research skills,” underlined the general manager of TAIF JSC.
In 2021, the production of high-quality petroleum products at TAIF-NK JSC reached 80.7%, while the Nelson Index was 11.2. This is the best result among all Russian oil refineries.
“In addition, the Nelson Index is calculated without taking into account the production of polymeric lubricant materials and oils, while the heavy residue high conversion facility in 2021 was operating only in test mode,” Albert Shigabutdinov pointed out in his speech.
“You have named the figures reached. In fact, the heavy tailings high conversion facility is the latest complex. And our main task is to start its industrial use, full workload and achieve the installed efficiency figures: crude oil conversion rate at 98.6%,” noted Rustam Minnikhanov.
Rustam Minnikhanov: “We are always open to your proposals”
In 2022, with the new team (Editor’s note: in June 2022, TAIF MC JSC — the main company of the TAIF Group — resumed its historical name TAIF JSC), the TAIF Group continues its active development and works hard to increase economic efficiency. . And this is done considering that they have to work in the context of increasing sanctions pressure against Russia.
“The economy is being recalibrated. Producers have to create new supply chains to supply products and components, consider possibilities for import substitution, have to deal with changes in the ruble rate, prices of energy resources and other external factors,” said also recognized the President of Tatarstan. that there were problems. He also agreed that when finding optimal solutions to these problems, companies and authorities will have to work together.
The essential task that the management of the Group has set itself is to ensure the regular loading of the factories and the stability of the production processes allowing the manufacture of high-quality liquid products. Maintaining the course towards greater economy and efficiency of production processes, masking new types of products and outlets, is also an important task.
“We are ready to provide all the necessary assistance in solving problems associated with the implementation of projects for the production of new types of goods,” Rustam Minnikhanov stressed.
Addressing the Director General of TAIF JSC, the President of Tatarstan focused on the tasks that have special significance:
“I know that today you are closely monitoring the efficiency within the united company, the implementation of our investment projects. The situation concerning Gémont made us very sad. Nevertheless, we both tried as hard as possible to save the EP-600 project. Mr Shigabutdinov, I address you, your colleagues, this project is a dream of our republic, a dream of our first president Mr Mintimer Shaimiyev, my dream, your dream. A lot has already been done, and of course we must complete this project together. There are also many other areas in which you are actively working. For us, these are strategically very important projects. We are always open to you in working mode — for all your proposals. We will continue to work in close contact for the good of TAIF and the republic. »