According to the results of the monthly transparency rating of the Russian Fuel and Energy Complex companies in November 2016 TATNEFT Company ranked No. 3 in the TOP 10 list of the largest oil and gas industry companies with the highest level of the information transparency.
Improving information transparency is an important factor of the Company’s business stability. The ranking, compiled by the Agency for Political and Economic Communications (APEC), in addition to the information about the production and social activities of PJSC TATNEFT the Company’s rating was influenced by disclosure of the information that at TANECO, which is the Company’s largest enterprise, there was a technologic business seminar “Discovering new horizons” held jointly with Shell Company with the participation of Russian oil companies. During the event the participants discussed modern features of the international hydrocarbons’ market and the main trends that could potentially affect the development of the oil and gas industry.
To determine the transparency rating of the Russian Fuel and Energy Complex companies the Agency for Political and Economic Communications (APEC) had performed a survey with involvement of 25 renowned experts: economists, political scientists, analysts and journalists. The evaluation had been performed for 75 largest companies representing nuclear power, gas, oil and coal mining industries, as well as transportation of crude oil and petroleum products and electricity.
Each expert assessed the information transparency level of the companies with subsequent determination of the arithmetic means of the experts’ assessments (grade point average).