TATNEFT Strengthens Cooperation with Kazakhstan
The Company and the Government of the Republic of Kazakhstan signed an Agreement on the principles of participation in the development of the mechanical engineering industry of the Republic of Kazakhstan.
The document was signed by Roman Sklyar, Deputy Prime Minister of the Republic of Kazakhstan, and Nail Maganov, General Director of PJSC TATNEFT, Andrey Lavrentyev, Chairman of the Board of Directors of JSC Allur Group of Companies and Directors of the companies participating in the joint venture TOO KamaTyresKZ.
The agreement contains measures of state support for the project to create a modern high-tech production of automobile tyres in the Republic of Kazakhstan, including co-financing of the project, the provision of tax preferences, as well as the implementation of a set of measures to protect the tyre products market in the Republic of Kazakhstan and support the domestic manufacturer, as well as a number of measures to protect the rights and interests of TATNEFT as a foreign investor.