Entity

Historically, the development of oil refining industry in Tatarstan was determined by its economic efficiency. Possessing huge reserves of hydrocarbon feedstock, the Republic - a leader in oil production in the USSR – for half a century supplied feedstock to other regions of the Union and abroad. The lack of crucial processing facilities impacted the regional economy in general and, as a consequence, the development of the entire country. In order to address this, TAIF PSC established its branch TAIF-NK in the Nizhnekamsk industrial hub in 1997 (in 1998 - CJSC TAIF-NK , reorganized into PSC1 in 2006), that developed intensive work on design and construction of an oil refining complex. On the basis of a rented Crude Oil Distillation Unit CDU/VDU-7, in a short time TAIF PSC further modernized the production facilities at its own expense and later purchased the Plant.