Rosneft: Restructuring of the Management Board
In order to improve coordination in a complex sanitary and epidemiological situation, as well as to increase production and economic efficiency and strengthen interaction with the largest regional divisions of Rosneft on the implementation of promising projects in oil and gas production, designed to become the locomotives of the Company’s …
Bashneft and Rosneft: Sue Sistema for Damages
Bashneft and Rosneft, acting for the benefit of Bashneft as its shareholder, filed a lawsuit in Bashkortostan arbitration court seeking 131,639,012,421 rubles in damages from Sistema and Sistema-Invest. The amount of the lawsuit is the sum of dividends that the Defendants withdrew from Bashneft from 2009 through 2014, less taxes …
Rosneft: Operating Results for 9M 2017 – Production Up 9.7%
Rosneft’s hydrocarbon production reached 70.5 mmtoe in Q3 2017 (5.67 mmboed) and 210.8 mmtoe in 9M 2017 (5.72 mmboed). Growth was at 0.7% QoQ and at 9.3% YoY. 9M 2017 AVERAGE DAILY HYDROCARBON PRODUCTION ROSE BY 9.7% TO 5.72 MMBOEPD 9M 2017 LIQUIDS PRODUCTION INCREASED BY 11.0% YoY 9M 2017 …
Alexei Ulyukayev, Economy Minister, Detained Over Alleged Bribe Related to Rosneft’s Purchase of Bashneft
Russian investigators said on Tuesday they had detained Economy Minister Alexei Ulyukayev in a bribery case linked to a $5 billion acquisition by state oil giant Rosneft, a surprise move that may expose fault lines in Vladimir Putin’s inner circle. Ulyukayev, a 60-year-old technocrat whose ministry has been overseeing a …
Sorovskneft: Achieves Annual Production Target Ahead of Schedule
LLC Sorovskneft (a company forming part of Bashneft Group, the controlling stake in which has recently been bought by PJSC Rosneft Oil Company) achieved the 2016 production target ahead of schedule, with oil production totalling about 1.9 million tonnes. This was achieved due to successful implementation of a programme of …
Rosneft: Completes $5.3bn Bashneft Asset Purchase
Under the Government of the Russian Federation Decree dated October 10, 2016 Rosneft carried out necessary corporate actions to prepare for and execute the acquisition of the Government’s stake in Bashneft Public Joint Stock Company representing 50.0755% of its charter capital. The Company Board of Directors unanimously approved Rosneft’s potential …
Bashneft: Appoint Andrey Shishkin as President
By resolution of the Board of Directors, Andrey Shishkin, Vice President of PJSC Rosneft, has been appointed President and Chairman of the Management Board of PJSOC Bashneft for five years starting from October 13, 2016. The Board of Directors has also elected the new Management Board of PJSOC Bashneft comprising …
Bashneft: Approves Innovative Development Programme
PJSOC Bashneft’s Board of Directors has approved the Company’s Innovative Development Programme until 2021 with an outlook until 2026. Previously, the Programme had been approved by the Interdepartmental Commission for Technological Development under the Office of the Presidential Council for Economic Modernization and Innovative Development. ‘Introduction of innovations is a …
Sorovskneft: Baudin Khamidov Appointed General Director
Today, the Board of Directors of PJSOC Bashneft has approved the appointment of Baudin Khamidov to the position of General Director of LLC Sorovskneft upon the recommendation of the Nominating and Compensation Committee. Baudin Khamidov will replace Alexander Scherbinin, who has decided to continue his career outside Bashneft Group. Baudin …
TMK and Bashneft Launch a Joint Technology Partnership Programme
TMK, one of the world’s largest producers of tubular products for the oil and gas industry, and PJSOC Bashneft, a major Russian oil company, have signed a Technology Partnership Programme for 2016–2020. The programme provides for over 20 joint activities related to development, introduction and piloting of TMK products at …