Bashneft: Approves Board Candidates
Today, the Board of Directors of JSOC Bashneft has considered matters related to the Extraordinary General Meeting of Shareholders of the Company to be held on March 11, 2015. Based on a proposal put forward by the Federal Agency for State Property Management, the Board of Directors has nominated the …
Bashneft: 2014 Reserve Replacement Ratio Totals 179%
JSOC Bashneft has announced the results of the latest independent audit of hydrocarbon reserves conducted by Miller and Lents, Ltd. in accordance with the PRMS classification (Petroleum Resources Management System). The auditor has evaluated reserves at 190 oil and gas condensate fields of the Company in the Volga-Urals, West Siberian …
Bashneft and Yokogawa Sign a Partnership Agreement
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: 2014 Review – Production up 10.8%
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: Signs Automation Agreement with Emerson
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 …
Bashneft: Shares Back in State Hands
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 …
Sistema: Financial Results and Reviews Post Bashneft Investment Strategy
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, today announces its unaudited consolidated US GAAP financial results for the third quarter ended September 30, 2014. BASHNEFT RELATED EVENTS On September 24, 2014, a civil claim was filed with the Arbitrazh (Commercial) Court of the City …
Bashneft: Q3 and 9M Results – Production Up 10% and Net Income Up 39.6%
Bashneft Group released its unaudited consolidated financial statements for the third quarter of 2014 and the nine months ended September 30, 2014 prepared in accordance with International Financial Reporting Standards (IFRS). 3Q2014 vs.2Q 2014: The Group’s revenue from sales decreased by 0.2% to 162,861 million Adjusted EBITDA increased by 2.6% …
Sistema: Not To Challenge Court Order on Return of Bashneft Shares to the State, Will Pursue Claims Against Original Sellers
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, announces that Sistema’s Board of Directors has carefully considered and decided not to appeal the decision of the Arbitrazh (Commercial) Court of the City of Moscow dated November 7th , 2014, which ruled that shares of JSOC …
Sistema: Statement on Court Ruling – Sistema Disagrees with the Decision and is Considering an Appeal
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, announces that today the Arbitrazh (Commercial) Court of the City of Moscow ruled in favour of the civil claim seeking to return the shares of JSOC Bashneft owned by Sistema and its subsidiary Sistema-Invest to the Russian …