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 lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2016, PJSC Tatneft reported specific emissions of approximately 2,869 kg CO2e per tonne of oil produced. This figure reflects the company's operational impact within the petroleum sector, although no comprehensive total emissions data is available for that year. The emissions data for previous years indicates a trend of increasing specific emissions, with values of about 3,115 kg CO2e per tonne in 2015, 3,520 kg CO2e per tonne in 2014, and 3,557 kg CO2e per tonne in 2013. Tatneft has not disclosed any specific reduction targets or initiatives related to carbon emissions, nor does it appear to have set Science-Based Targets Initiative (SBTi) commitments. The absence of detailed emissions data across Scope 1, 2, and 3 suggests a need for enhanced transparency in their climate commitments. As of now, Tatneft's climate strategy remains unclear, with no documented climate pledges or reduction initiatives available. The company operates within a challenging industry context, where significant emissions are typical, and the need for robust climate action is increasingly recognised.
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.