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Tatneft

Russia

 

 

Date: 2001 – 2003

Deal: According to a Russian news agency, Tatneft and the Iranian oil research organization (RIPI) signed a $1 million contract for technology testing in 2001. The two-year deal allowed Tatneft to share equipment and "know-how" with RIPI to increase the yield of Iran's oil beds (Interfax News Agency, December 27, 2001).

Date: 2001 – 2004

Deal: According to a Russian energy news source, Tatneft completed geophysical exploration of Ahvas and Ramshir, two oil deposits in Iran, prior to January 2003. It is unknown when each contract was signed and completed (Neftegaz.ru, January 3, 2003). Interfax News Agency reported in 2005 that Tatneft completed geophysical studies on the Ahvas and Ramshir deposits, as well as the Mond reserve, between 2001 and 2004 (Interfax News Agency, September 14, 2005).

Date: January 2002 – June/July 2002

Deal: In January 2002, Tatneft signed a $500,000 contract to share well-reinforcement technology at Iran's Kupal oil field, according to Radio Free Europe. (Radio Free Europe, January 22, 2002). A Russian news agency reported that the contract, between Tatneft and the National Iranian South Oil Company, a subsidiary of the National Iranian Oil Company (NIOC), was to last six months (ITAR-TASS News Agency, February 2, 2002).

Date: June 2002 - 2004

Deal: A Russian news agency reported that Tatneft had signed a cooperation agreement with Iran's Eastern Azerbaijan province (Tatar-Inform News Agency, June 12, 2002). The two-year agreement allows Iranian provincial officials to work with Tatneft to explore for oil in Iran, grants Tatneft two oil fields, and provides that the company will consider building a motor oil plant project with various Iranian companies in Tabriz. Tatneft was scheduled to start work in Iran in July 2002 (EMEconomy.com, June 13, 2002).

Date: January 2003 - Unclear

Deal: In 2003, NIOC and six major international oil companies, including Tatneft, signed a deal to create research projects to enhance Iran's oil and gas production, according to an industry publication. Each of the six companies agreed to pay between $200,000 and $300,000. It is unclear whether the project was completed (Info-Prod, January 27, 2003).

Date: March 2003 - July 2004

Deal: A Russian news source reported that in March 2003, Tatneft and Iran signed a $700,000 contract. Through the contract, Tatneft conducted geophysical exploration of Iran's Mond deposit, contracting Russian company NVP Geoacoustic to perform the work. The project was completed in July 2004 (SKRIN, July 26, 2004).

Date: June 2003 - April 2005

Deal: In 2003, a Russian news agency reported a contract between Tatneft and the Iranian oil exploration institute (RIPI) was signed for the exploration of fresh water sources in Iran's Pars Jonobi region. The 1-year contract was to be completed by Tatneft's Tatar Geological Prospecting department. (RCC, June 19, 2003). The deal with RIPI was completed in April 2005, as reported by a Russian news agency. Tatneft stated that it hoped to continue working with Iran on future deals (Prime-Tass Business News Agency, April 15, 2005).

Date: April 2004 - Unclear

Deal: According to a market research organization in the United Kingdom, in 2004 Tatneft won a contract to develop Iran's Zagheh oil fields. The deal includes "seismic studies, drilling, and oil transportation," which were scheduled to begin in May and last for nine months. It is unclear whether the contract was completed (World Markets Research, April 20, 2004).

In December 2011, the Canadian Press reported that Tatneft signed a $1 billion preliminary deal with Iran to develop the Zagheh oil field. "The deal envisions production reaching 7,000 barrels per day within two years, and increasing to 55,000 barrels per day in more than four years" (Canadian Press, December 18, 2011).

Days later, the Russian energy firm reportedly announced that it had not signed any deals with Iran (Steel Guru, December 23, 2011). According to the Iranian press, NIOC subsidiary Petroleum Engineering and Development Company (PEDC) signed a deal with a different companies that shares its name with Tatneft and is based in autonomous republic of Tartarstan (PressTV, December 24, 2011).

Date: December 2004

Deal: In December 2004, Tatneft and Norwegian firm NorskHydro signed a contract to transfer Tatneft's oil field development technology to NorskHydro, which planned to use it for work in Iran, according to a Russian public company database (SKRIN, December 20, 2004).

Date: February 2005 - Present

Deal: Tatneft signed an agreement with Iran's Mostazafan & Janbazan Foundation for a joint venture, in which Tatneft is expected to invest $500 million to develop oil fields in Iran, according to Radio Free Europe. (Radio Free Europe, February 11, 2005). A Russian news agency reported that the joint venture has been named Pars Tatneft Kish (Tatar-Inform, August 16, 2005).

According to a Russian news agency, as of October 2008, Tatneft had not signed any contracts as part of the joint venture (RBC Daily, October 21, 2008).

Date: October 2008 - Present

Deal: Platts Oilgram News reported that in October 2008, Tatneft signed a memorandum of understanding with NIOC and the Mostazafan Foundation, one of the largest commercial enterprises and holding companies in Iran. Tatneft's interest in the memorandum was to increase its influence in the Iranian oil market (Platts Oilgram News, October 21, 2008).

U.S. Business Ties: Tatneft has not received any U.S. funding, according to USASpending.gov (USASpending.gov, accessed August 19, 2014).

According to Reuters, Tatneft traded shares on the New York Stock Exchange until it chose to delist in June 2006. Tatneft does not appear to have any current ties to the United States (Reuters, June 26, 2006).

Last Updated: August 19, 2014