Bashneft and Sberbank of Russia Sign a Strategic Cooperation Agreement
Today, Bashneft and OJSC Sberbank of Russia have concluded a Strategic Cooperation Agreement until 2018 as part of the 19th Saint Petersburg International Economic Forum. The document was signed by the Company’s President Alexander Korsik representing Bashneft and Maxim Poletaev, First Deputy Chairman of the Executive Board, representing Sberbank of …
Moody Upgrades Bashneft’s Rating to Ba1 on Assignment of GRI Status; Negative Outlook
Moody’s Investors Service has today upgraded Russian integrated oil company OJSC Bashneft’s (Bashneft) corporate family rating (CFR) to Ba1 from Ba2 and its probability of default rating (PDR) to Ba1-PD from Ba2-PD, following the rating agency’s decision to assign the company government related issuer (GRI) status after the company was …
Shelton Petroleum AB: Analyzes New Suyanovskoye Seismic Data
Shelton Petroleum has recently collected an additional 142 kilometres of seismic data to further delineate the three promising structures on the Suyanovskoye oil field. The objective is to identify future drilling locations. Results from the study will be announced to the markets later this year. During 2014, Shelton Petroleum conducted …
Bashneft’s Board of Directors Approves a Number of Appointments
Yesterday, the Board of Directors of JSOC Bashneft has approved a number of appointments Sergey Zdolnik has been appointed Vice President for Oil and Gas Production; Igor Kalyuzhny has been appointed Vice President for Information Technologies; Vitaly Kozlov has been appointed Vice President for Refining and Petrochemicals; Igor Marchenko has …
Bashneft's Board of Directors Approves a Number of Appointments
Yesterday, the Board of Directors of JSOC Bashneft has approved a number of appointments Sergey Zdolnik has been appointed Vice President for Oil and Gas Production; Igor Kalyuzhny has been appointed Vice President for Information Technologies; Vitaly Kozlov has been appointed Vice President for Refining and Petrochemicals; Igor Marchenko has …
Bashneft Boosts Production by 14.4% in the First Quarter of 2015
Bashneft has released its preliminary operating results for the first quarter of 2015. – Average daily oil production amounted to 52.3 thousand tonnes – Production at brownfields added 4.7% year-on-year – New assets in Timan-Pechora and Western Siberia accounted for 12.6% of oil production – Gasoline output grew by 5% …
Bashneft-Polyus and Vostok NAO sign protocols to Cooperation Agreements with the Administration of the Nenets Autonomous District
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 …
Bashneft: 2014 Results – Production Up 10.8%, Cash Flow Up 28.3%
Today, 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, 2014 prepared in accordance with International Financial Reporting Standards (IFRS). ‘In 2014 the Company demonstrated remarkable operating performance once again and …
Bashneft: Fitch Rating At ‘BB’; off Rating Watch Negative; Outlook Stable
Fitch Ratings has affirmed Russia-based Joint Stock Oil Company Bashneft‘s (Bashneft) Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BB’ and removed the ratings from Rating Watch Negative (RWN). A Stable Outlook is assigned. A full list of rating actions is provided at the end of this commentary. …
Bashneft: Fitch Rating At 'BB'; off Rating Watch Negative; Outlook Stable
Fitch Ratings has affirmed Russia-based Joint Stock Oil Company Bashneft‘s (Bashneft) Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BB’ and removed the ratings from Rating Watch Negative (RWN). A Stable Outlook is assigned. A full list of rating actions is provided at the end of this commentary. …