Plans and forecasts

TATNEFT Company reduced oil production by 20% in 2020, next year it is planned to reduce it by 10%. Decrease in production in accordance with the terms of OPEC+ transaction limits cash flows, despite the gradual recovery of oil prices. The company expects the oil price to reach $30-40 per barrel by the end of the year, but the management has also worked through stress scenarios at $10-$15 per barrel.