29 June 2006, “Nizhnekamskneftekhim” INC Board of Directors held its regular session presided by A. Shigabutdinov, “TAIF” JSC General Director.
The Board reviewed the results of five months 2006. Over the reporting period, produced commodities amount to RUR 18.2bn in established prices, the increase runs to 109.2%. Sold commodities amount to RUR 19.2bn, sales income totals RUR 2.6bn. A State budget and off-budget funds received RUR 2.3bn of taxation in tote.
Board of Directors approved of the progress in implementing the current program of the Company’s development until the year 2010. A “Nizhnekamskneftekhim” INC strategic program, devised pursuant to the TR Program for an oil-gas-chemical complex advancement, contemplates for a double commodity output by 2010.
Some information was presented for consideration and practical steps were shaped to continue upgrading an alpha-olefin facility and constructing a gas-turbine unit GTU-75.