The relationship with the Tatarstan government remains a double edged sword for Tatneft. On the one hand there are incidents such as the cash milking described above. On the other hand, the relationship shields the company from the vagaries of Moscow's oil policy. Company Reports , RMG estimates The information contained herewith is based on information made available to the public and is for information purposes only. Information sources are deemed reliable by RMG Securities, however RMG Securities abstains from any liabilities determined from the information herewith.
Analysis is based on dated market information and is subject to change.