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During his visit to the Republic of Tatarstan, Dmitry Medvedev took part in the launch ceremony of the first stage of the TANECO oil refining complex in Nizhnekamsk.
Construction of the complex of oil refineries and petrochemical plants in Nizhnekamsk has been underway since 2008. The project envisages launch of three high-tech and environmentally-friendly oil processing plants: a refinery, petrochemical plant and advanced oil processing plant. The first stage facilities have created more than 1,600 new jobs and are capable of refining 7 million tonnes of sour crude oil per annum.
October 26, 2010, Republic of Tatarstan