Bashneft commissions a new sulphuric acid alkylation complex
Bashneft has put a complex of sulphuric acid alkylation and sulphuric acid regeneration (SKA-ROSK) units into full operation at the Bashneft-Novoil Branch. An official ceremony held to mark the completion of a large-scale investment project was attended by the Deputy Prime Minister of Russia Arkady Dvorkovich, the President of the Republic of Bashkortostan Rustem Khamitov, the Chairman of the Board of Directors of JSFC Sistema Vladimir Evtishenkov, …
Bashneft closes a US$ 600 million PXF transaction
Bashneft closed a transaction with a group of international banks to obtain a US$ 600 million pre-export financing facility. The Company is raising funds for general corporate purposes. The facility has a three-year tenor and is to be repaid in equal instalments after a one-year grace period. The facility is secured with future revenue from the export of petroleum products for the duration of the facility. The interest rate …
Bashneft wins the IT-Leader Award for the third consecutive year
On April 19, 2013, the IX Annual National ‘IT-Leader – 2013’ Award ceremony was held in Moscow. Bashneft won the award for the third consecutive year. This year, the Company has won in the special category ‘For Achievements in Creating HP Converged Cloud’ In 2011-2012 Bashneft implemented a number of …
Bashneft’s financial results hit a record high in 2012
In 2012 Bashneft demonstrated a consistent improvement of its financial results. In 2012 the Group’s revenue from sales increased by 9.5% year-on-year and amounted to 532,502 million roubles. EBITDA added 5.2% and reached 98,690 million roubles. In 2012 net income attributable to the shareholders of the parent company totalled 52,088 million roubles, which is 4.5% higher than in 2011. The growth of revenue, EBITDA and …
Alexey Kurach to leave the post of Chief Financial Officer of Bashneft
Alexey Kurach, Bashneft’s Vice-President for Economics and Finance and Chief Financial Officer, will leave his post on March 29, 2013. The relevant decision was approved yesterday by the Company’s Board of Directors. ‘The Board of Directors would like to express profound gratitude to Alexey Kurach for his enormous contribution to the Company’s success during the four years for which he held the …
Bashneft and the Administration of the Orenburg Region signed a Cooperation Agreement
Bashneft and the Administration of the Orenburg Region have signed an Agreement for economic and social development till 2016 today aimed at creating favorable conditions for economic and social development of the Region. The Agreement was signed by JSOC Bashneft President Alexander Korsik and Orenburg Region Governor Yuri Berg. The Agreement is the result of the sustainable …
Bashneft completes the establishment of an oilfield service holding company
Bashneft has completed the establishment of an oilfield service holding company on the basis of LLC Bashneft-ServiceAssets, its wholly owned subsidiary. The Chairman of Bashneft’s Board of Directors Felix Evtushenkov has headed the Board of LLC Bashneft-Service Assets; Kamil Zakirov has been appointed General Director of the company. The oilfield service holding company managed by LLC Bashneft-Service Assets comprises 11 oilfield service organizations with market …
Bashneft’s Board of Directors increases the number of members of the Company’s Management Board
The Board of Directors of JSOC Bashneft made a decision to increase the number of members of the Management Board from 12 to 14, and appointed Dmitry Panyukov, the Company’s Vice-President for Regional Sales, and Dmitry Ryabchenko, the Vice-President for Capital Construction and Logistic Support, to the Management Board. At the meeting, the Board of Directors also considered other issues and approved a number of transactions …
Bashneft’s additional share issues are combined with the main issue
It is planned to start trading a combined share issue of JSOC Bashneft on the MICEX Stock Exchange before the end of February 2013. On February 21, 2013, the Federal Service for Financial Markets (FSFR) abolished individual registration numbers (codes) of JSOC Bashneft’s additional share issues after the three-month term from the date of state registration of the report on additional issues as of November 13, 2012, …
Bashneft starts consolidating petrochemical assets
On the meeting held on February 18, 2013 the Board of Directors of JSOC Bashneft made a number of decisions related to the start of consolidation of petrochemical assets within OJSC United Petrochemical Company (UPC) by absentee voting. For instance, the Board of Directors decided that Bashneft should not have stakes in LLC Tuimazinskoye gas processing plant and LLC Shkapovskoye gas processing …