Table of Contents Table of Contents 2 List of Tables 3 List of Figures 4 Company Snapshot 6 Key Information 6 Company Overview 6 Tatneft, Valuation and Financial Data, 2011-2015 7 Tatneft, Share Price Performance, 2011-2015 7 Share Price Performance, 2011-2015 7 Key Valuation Metrics, 2011-2015 8 Tatneft, Production and Reserves Trends 9 Total Oil and Gas, Reserves and Production 9 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 9 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 10 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 12 Crude Oil/Liquids Production and Reserve 13 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 13 Crude Oil Production and Reserves By Country/Region, 2011-2015 14 Crude Oil/Liquids Reserve Changes, 2011-2015 16 Natural Gas Production and Reserve 17 Natural Gas Production and Reserve Trend, 2011-2015 17 Natural Gas Production and Reserves, By Country/Region, 2011-2015 18 Natural Gas Reserve Changes, 2011-2015 20 Total Crude Oil and Natural Gas Reserves Life Index 21 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 21 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 22 Tatneft, E&P Costs Trends 24 Allocation of the Upstream Capital Expenditure 24 Upstream Capital Expenditure, 2011-2015 24 Tatneft, Reserve Replacement Ratio 25 Oil and Gas Production Replacement Ratio 25 Oil and Gas Production Replacement Ratio, 2011-2015 25 Tatneft, Results of Oil & Gas Operations Trend 26 Oil and Gas Revenue and Expenses 26 Oil and Gas Revenue and Expenses, 2011-2015 26 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 27 Oil and Gas Revenue and Expenses, Per boe 32 Oil and Gas Revenue and Expenses, By boe, 2011-2015 32 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 33 Oil and Gas Performance Metrics 37 Well Statistics 38 Producible Oil and Gas Well, 2011-2015 38 Producible Oil and Gas Well, By Country/Region, 2011-2015 39 Exploration and Development Wells Drilled, 2011-2015 41 Recent Developments 42 Tatneft - Recent Developments 42 Sep 08, 2016: Tatneft Disclosed Production Results 42 Aug 26, 2016: Tatneft Provides 2016 Half-year Report 42 Aug 11, 2016: Tatneft Disclosed The Following Production Results 43 Aug 05, 2016: TANECO Has Completely Stopped Fuel Oil Production 43 Jul 08, 2016: TATNEFT: Figures Demonstrating Results Of Operations In June And During Six Months Of 2016 44 Jun 29, 2016: Russia To Reduce ULSD Exports From Primorsk Port In July 2016 45 Jun 24, 2016: Tatneft Reports Result Of AGM 45 Jun 17, 2016: Tatneft To Raise Oil Output In 2016 49 Jun 08, 2016: Tatneft Published Its IFRS Consolidated Interim Condensed Financial Statements For The First Quarter Of 2016 49 Jun 07, 2016: TatNeft: Figures Demonstrating Results Of Operations In May And During Five Months Of 2016 49 Appendix 52 Methodology 52 Coverage 52 Secondary Research 52 Primary Research 52 Data Information Sources 53 Company Source 53 SEC/Other Regulatory Filings 53 Other Sources 53 Expert Panel Validation 53 Data Definition 53 Oil and Gas Reserves 53 Units of Measure 54 About GlobalData 54 Disclosure 54 Disclaimer 54

List of Tables Table 1: Tatneft, Key Facts 6 Table 2: Tatneft, Share Price Performance, 2011-2015 7 Table 3: Tatneft, Key Valuation Metrics, 2011-2015 8 Table 4: Tatneft, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 9 Table 5: Tatneft, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 11 Table 6: Tatneft, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 12 Table 7: Tatneft, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 13 Table 8: Tatneft, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 15 Table 9: Tatneft, Crude Oil Reserve Changes, mmbbl, 2011-2015 16 Table 10: Tatneft, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 17 Table 11: Tatneft, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 19 Table 12: Tatneft, Natural Gas Reserve Changes, bcf, 2011-2015 20 Table 13: Tatneft, Oil and Gas Reserves Life Index, Years, 2011-2015 21 Table 14: Tatneft, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 23 Table 15: Tatneft, Upstream Capital Expenditure, US$ mil, 2011-2015 24 Table 16: Tatneft, Oil and Gas Production Replacement Ratio, %, 2011-2015 25 Table 17: Tatneft, Revenue and Expenses, US$ mil, 2011-2015 26 Table 18: Tatneft, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 31 Table 19: Tatneft, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 32 Table 20: Tatneft, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 36 Table 21: Tatneft, Oil and Gas Performance Metrics, 2011-2015 37 Table 22: Tatneft, Producible Oil and Gas Wells, 2011-2015 38 Table 23: Tatneft, Producible Oil and Gas Wells, By Country/Region, 2011-2015 40 Table 24: Tatneft, Exploratory and Developed Wells, 2011-2015 41 List of Figures Figure 1: Tatneft, Share Price Performance, USD/Share, 2011-2015 7 Figure 2: Tatneft, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 8 Figure 3: Tatneft, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 9 Figure 4: Tatneft, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 10 Figure 5: Tatneft, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 10 Figure 6: Tatneft, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 12 Figure 7: Tatneft, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 13 Figure 8: Tatneft, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 14 Figure 9: Tatneft, Oil Production, By Country/Region, mmbbl, 2011-2015 14 Figure 10: Tatneft, Crude Oil Reserve Changes, mmbbl, 2015 16 Figure 11: Tatneft, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 17 Figure 12: Tatneft, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 18 Figure 13: Tatneft, Gas Production, By Country/Region, bcf, 2011-2015 18 Figure 14: Tatneft, Natural Gas Reserve Changes, bcf, 2015 20 Figure 15: Tatneft, Oil and Gas Reserves Life Index, Years, 2011-2015 21 Figure 16: Tatneft, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 22 Figure 17: Tatneft, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 22 Figure 18: Tatneft, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 23 Figure 19: Tatneft, Upstream Capital Expenditure, US$ mil, 2011-2015 24 Figure 20: Tatneft, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 25 Figure 21: Tatneft, Revenue and Expenses, US$ mil, 2011-2015 26 Figure 22: Tatneft, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 27 Figure 23: Tatneft, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 27 Figure 24: Tatneft, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 28 Figure 25: Tatneft, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 28 Figure 26: Tatneft, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 29 Figure 27: Tatneft, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 29 Figure 28: Tatneft, Production Costs, By Country/Region, US$ mil, 2011-2015 30 Figure 29: Tatneft, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 30 Figure 30: Tatneft, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 32 Figure 31: Tatneft, Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 33 Figure 32: Tatneft, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 33 Figure 33: Tatneft, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 34 Figure 34: Tatneft, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 34 Figure 35: Tatneft, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 35 Figure 36: Tatneft, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 35 Figure 37: Tatneft, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 36 Figure 38: Tatneft, Oil and Gas Performance Metrics, 2011-2015 37 Figure 39: Tatneft, Producible Oil and Gas Wells, 2011-2015 38 Figure 40: Tatneft, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 39 Figure 41: Tatneft, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 39 Figure 42: Tatneft, Exploratory and Developed Wells, 2011-2015 41