Tatneft, officially known as Tatarstan Oil Company, is a prominent player in the oil and gas industry, headquartered in Russia. Established in 1950, the company has grown to become one of the largest oil producers in the country, with significant operations in Tatarstan and other regions across Russia. Tatneft's core business areas include oil extraction, refining, and petrochemical production, alongside a strong focus on innovative technologies and sustainable practices. The company is renowned for its high-quality crude oil and advanced refining processes, which set it apart in a competitive market. With a commitment to environmental responsibility and technological advancement, Tatneft has achieved notable milestones, solidifying its position as a leader in the energy sector. Its dedication to excellence and sustainability continues to drive its success in the ever-evolving oil and gas landscape.
How does Tatneft's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Tatneft's score of 8 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
As of the latest available data, Tatneft has not disclosed specific carbon emissions figures for recent years. However, historical data indicates that in 2016, the company reported specific emissions of approximately 2,869 kg CO2e per tonne of oil produced. This figure reflects a decrease from 3,115 kg CO2e per tonne in 2015 and 3,520 kg CO2e per tonne in 2014, showcasing a trend of reduced emissions intensity over these years. Tatneft has not publicly committed to specific reduction targets or initiatives under frameworks such as the Science Based Targets initiative (SBTi). The absence of disclosed Scope 1, 2, or 3 emissions data suggests that the company may still be in the early stages of formalising its climate commitments. Overall, while Tatneft has demonstrated a reduction in emissions intensity in its oil production, further transparency regarding its overall carbon footprint and future climate strategies would be beneficial for stakeholders and the environment.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Tatneft is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.