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Tatneft oil production up 1.7% in 1Q07 to 6.4 mln tons

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MOSCOW, April 3 (RIA Novosti) - 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.

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.

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