Assessment reveals oil production exceeding 28.7 million tons in Tatarstan, indicating complex economic conditions due to sanctions.
The oil industry of the Republic of Tatarstan is part of the teftegasochemical cluster and contributes to the development of the Russian economy. PJSC Tatneft, one of the largest vertically integrated oil companies in Russia, is demonstrating steady growth in hydrocarbon production and processing. In 2024, the company’s oil production amounted to more than 28,7 million tons, and refining exceeded 17 million tons. The specifics of the development of global economies make it difficult to develop the oil and gas cluster, sanctions pressure is tightening, and business conditions for the Russian petrochemical cluster are becoming significantly more complicated.
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Garaev et al. (2025) studied this question.
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