ADRs. Tatneft's ADR program is registered with the US Securities and Exchange Commission as Level 1. In 2005 Tatneft launched the project of building a new large refining and petrochemicals complex in Nizhnekamsk, Tatarstan, which was called TANECO (the company implementing the project and later operating the refinery received the same name – JSC TANECO). The first stage of the new refinery complex was completed in 2010 and put into operation in 2011. In 2006 Tatneft launched the project of developing heavy oil natural bitumen (super-viscous or highly-viscous oil, HVO) reserves in Tatarstan. After exploring various options of carrying out the project in cooperation with its global peers, Tatneft decided to do so on its own. As of 31 May 2020 Tatneft is producing over 65 thousand barrels of highly-viscous oil per day from 1042 horizontal wells. Since September 2018 Tatneft is implementing the Strategy until 2030, which encompasses amongst other things the growth of crude oil production, expansion of Tatneft's refining capability, its service stations network, and the development of petrochemicals segment. In 2019 Tatneft acquired from Neste Oil Corporation the Russian fuel retail business consisting of 75 fuel stations in North-West Russia and a terminal in Saint Petersburg. In November 2019 Tatneft completed the acquisition of certain assets, including the production of various types of synthetic rubber used for the manufacturing of high-performance tires, located in Togliatti, Samara Region, Russia, from SIBUR. Operations The main activities of Tatneft are: gas and oil exploration and production gas and oil refining and marketing petrochemicals (including Nizhnekamskshin tire-making plant) banking services (through its subsidiaries Bank Zenit and Bank Devon-Credit) Tatneft is the first Russian oil company, which developed a contract with Syria to extract oil. The contract became effective in March 2005. In 2007, Tatneft had total proved reserves of approximately 6.140 billion barrels of crude oil according to the audit by Miller and Lents. It operated 77 oil fields, including the main field of the company – Romashkino, with total production capacity of 25 million tons of oil and a very high amount of natural gas annually. Other main oil fields are Novo-Yelokhov and Bavly. In addition to Russia, it conducts exploration and production operations also in Libya, Angola, Syria, Iran, Vietnam, Oman and Saudi Arabia. In 2008, Tatneft's crude oil production was 189 million barrels and was expected to shrink by 1.5% to 186 million barrels in 2009. As