MOSCOW, January 9 (RIA Novosti) - Tatneft [RTS: TATN] produced 25.334 million metric tons (509,000 bbl/d) of crude in 2006, the same as in 2005, the Russian oil company said Tuesday.
The company, which is controlled by the government of the Republic of Tatarstan in the Volga region, increased its output by 0.24% year-on-year in December, to 2.114 million tons (15.5 million barrels).
Tatneft earlier expected a 0.87% production decline for 2006 compared with 2005, to 25.11 million tons (504,000 bbl/d).
The company, which accounts for over 80% of oil output in Tatarstan, said it exceeded its drilling targets, with a total of 819,000 meters drilled. Tatneft put 535 wells into operation, including 331 for the company itself.
