Alexander Korsik

Igor Koshin, Governor of the Nenets Autonomous District, and Vladimir Nesterenko, General Director of LLC Bashneft-Polyus (a joint venture of JSOC Bashneft and OJSC Lukoil responsible for the development of the R. Trebs and A. Titov fields), have signed the Protocol to the Cooperation Agreement for 2015. In addition, today …

JSOC Bashneft and Yokogawa Electric Corporation have signed a Long-Term Partnership Agreement on supplying production facilities of the refining complex in Ufa with Automatic Process Control Systems (APCS) and Instrumentation and Control Equipment (I&C). The document was signed by Alexander Korsik, President of JSOC Bashneft, and Shuzo Kaihori, Chairman and …

Bashneft has released its preliminary operating results for the fourth quarter and the 12 months of 2014. In 2014: – Oil production increased by 10.8% to 17,808 thousand tonnes – Production in Bashkiria added 3.9% – New assets in Timan-Pechora and Western Siberia accounted for 8.4% of production – By …

Bashneft and Emerson Process Management have signed a long-term Memorandum of Cooperation on the development of systems for comprehensive automation of industrial facilities. The document was signed by Bashneft’s President Alexander Korsik and Nikolay Shestakov, Vice President of Emerson Process Management, Director General of LLC Emerson. In accordance with the …

Today, JSOC Bashneft was notified by its registrar, OJSC Reestr, that the Company’s majority shareholder has changed. According to the notification, 122,971,934 ordinary shares and 6,192,245 preferred shares of JSOC Bashneft (71.62% of its authorized share capital) have been transferred from the accounts of OJSC JSFC Sistema and CJSC Sistema-Invest …

JSOC Bashneft and OJSC Lukoil have established a new joint venture (JV), LLC Vostok NAO Oil Company, to conduct geological exploration and prospecting and produce hydrocarbons at the companies’ license areas in the Nenets Autonomous District. ‘We welcome greater cooperation with Lukoil. Successful development of the Trebs and Titov fields in the Nenets Autonomous District has proved …

Bashneft Group, which comprises JSOC Bashneft, its subsidiaries and affiliates, has released its audited consolidated financial statements for the fourth quarter and the twelve months ended December 31, 2013 prepared in accordance with International Financial Reporting Standards (IFRS). In 2013, the Group’s revenue from sales increased by 5.8% year-on-year to RUB 563,296 million. Adjusted EBITDA increased by 3.6% …

The Federal Subsoil Resources Management Agency (Rosnedra) made amendments to JSOC Bashneft’s licence for geological exploration and production of hydrocarbons within a subsoil area including the R. Trebs and A. Titov oilfields in the Nenets Autonomous District ‘These amendments to the licence for the Roman Trebs and Anatoly Titov fields …

Bashneft Group has gained control over a 100% stake in LLC Burneftegaz, a company conducting exploration and producing oil in the Tyumen District. The transaction had been approved by the Federal Antimonopoly Service. LLC Burneftegaz owns the rights to exploration and development of the Sorovskoye field (the Vostochno-Vuemskiy licence area) …

Bashneft has released its preliminary operating results for the fourth quarter and the 12 months of 2013. In 2013 oil production at the Company’s fields totalled 16,073 thousand tonnes (117,333 thousand barrels)*, which is 4.1% more than in 2012. In 2013 Bashneft’s average daily production reached 44 thousand tonnes per day (321.2 thousand bbl/d) ‘In 2013 Bashneft reported the …