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Tatneft oil output to hit 25.3 million tons in 2005

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MOSCOW, December 19 (RIA Novosti) - The output of Russian oil major Tatneft is expected to reach 25.3 million metric tons by the end of 2005, up 0.8% from 2004, the company's director general said Monday.

Shafagat Takhautdinov said company's revenue is expected at $5.86 billion, up 12% year-on-year. Pre-tax profit is expected at $1.71 billion, up 35%.

Tatneft operates in the Russian republic of Tatarstan in the Volga region. The republic's government owns a majority stake.

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