Tatneft [RTS: TATN] oil production in the first quarter of 2007 grew 1.7% on the same period last year to 6.4 million tons (47 million bbl), the oil company said Tuesday according to RIA Novosti.
In March, Tatneft produced 2.2 million tons (16.2 million bbl), or 1.9% more than in March 2006.
Tatneft, which is controlled by the government of the Republic of Tatarstan in the Volga region, accounts for over 80% of crude output in Tatarstan, and produced 25.334 million metric tons (510,000 bbl/d) of oil in 2006, the same as in 2005.