Bashneft concludes a new Collective Agreement with its employees
Bashneft has concluded a new Collective Agreement with its employees for 2013–2015. The document has been signed by the Company’s President Alexander Korsik representing the employer and by the chairman of the United Employee Representative Body Ildar Sadykov representing the employees. The collective agreement governs the relationship between the employees and the employer as part of a social …
Bashneft announces preliminary results for 2012
Bashneft crude oil production rose 2.2% year-on-year to 15 437 thousand tons in 2012 (112 690 thousand barrels)*. Average daily crude oil production amounted to 42.2 thousand tons per day (308.1 thousand bbl per day). Thus, by the end 2012 Bashneft retained its leading position in Russian O&G industry, not …
Bashneft opens a new oil field in western Bashkortostan
Bashneft opened a new oil deposit located in Khasanovskoye license area which was named after Vladimir Afanasyev, former chief geologist of Bashneft. Recoverable С1+С2 reserves at Afanasyev field were estimated at 3.8 mln. tons (including С1 – 0.6 mln. tons, С2 – 3.2 mln. tons) following the testing of two …
Bashneft proven reserves replacement rate amounted to 123.4% in 2012
Bashneft announces results of the regular independent oil reserves audit held by Miller and Lents, Ltd. under PRMS (Permanent Resources Management System) JSOC Bashneft oil reserves as of December 31, 2012* As of 31.12.2011 As of 31.12.2012 Change from 2012/2011 Proven reserves, mln. bbl. 1 983,5 2 006,8 1,2% Probable …
Bashneft’s Meeting of Shareholders elects a new membership of the Board of Directors
The Extraordinary Meeting of Shareholders of JSOC Bashneft convened today in Ufa made a decision to increase the number of members of the Company’s Board of Directors from 10 to 12 and elected a new Board membership which includes the following persons: Vitaliy Artuykhov Alexey Buyanov Charles Watson Randall Gossen Peter Jacob Goedvolk Alexander Goncharuk Mikhail Gutseriev Sergey Drozdov Felix Evtushenkov …
Bashneft sells its stake in Financial Alliance
Bashneft has concluded a contract for the sale of its 50% stake in the authorized capital of LLC Financial Alliance (a professional rolling stock operator) to JSFC Sistema. The transaction was approved by Bashneft’s Board of Directors on December 20, 2012. This transaction forms part of Bashneft’s strategy for the divestment of non-core assets, which is aimed at enhancing operational efficiency and promoting competition on the market …
The plan for the “Moscow Annual Oil and Gas Conferences” for 2013
Moscow oil and gas conferences (NEFTEGAZSNAB, NEFTEGAZSTROY, NEFTEGAZOPERERABOTKA, NEFTEGAZSERVICE, NEFTEGAZSHELF) aim at widening cooperation of oilmen and gas workers with their contractors and suppliers. Representatives of great many companies will be moderating the conferences as speakers and experts, the ones from Gazprom, Transneft, LUKOIL, ТNК-BP, Rosneft, Surgutneftegas, RussNeft, Slavneft, Tatneft, …
Bashneft’s Board of Directors holds a scheduled meeting
The new Committee of the Board of Directors includes: Randall Gossen, the Chairman of the Committee, an independent director; Charles Watson, an independent director; Vitaliy Artyukhov, an independent director; Yury Pustovgarov, an independent director; Mukhail Stavskiy, the First Vice President for Upstream and Geology; Maxim Andriasov, the First Vice President …
Bashneft initials the contract for exploration and development of Block 12 in Iraq
The Iraqi Ministry of Oil and the Consortium comprised of Bashneft (70%) and Premier Oil (30%) initialled the contract for geological exploration, development, and production at Block 12 today in Baghdad. The contract was submitted for approval from the Council of Ministers of the Republic of Iraq. The obligatory five-year geological exploration programme at Block 12 (which can be extended twice, …
Reports on submitting buyback requests are approved as part of reorganization of Bashneft
On June 15, 2012, the Board of Directors of JSOC Bashneft and the Boards of its subsidiaries to be merged with the Company (OJSC Ufimsky refinery plant, OJSC Novoil, OJSC Ufaneftekhim, OJSC Bashkirnefteprodukt and OJSC Orenburgnefteprodukt) approved the reports on the results of submission of buyback requests by the shareholders. The shareholders who did not vote or voted against the reorganization were …