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OAO Tatneft (Tatneft or the company) is a Russian oil company operating as a vertically integrated group. It is engaged in the exploration, production, refining, and selling of oil, gas, and petrochemical products in Russia. The company is headquartered in Tatarstan, Russia and employed over 21,100 people as on December 31, 2012. The company recorded revenues of RUR444,099 million ($14,353.3 million) in the financial year ended December 2012 (FY2012), an increase of 6.3% over FY2011. The operating profit of the company was RUR101,818 million ($3,290.8 million) in FY2012, an increase of 18.2% over FY2011. The net profit was RUR73,473 million ($2,374.6 million) in FY2012, an increase of 18.3% over FY2011.
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