Bashneft

Russian investigators said on Tuesday they had placed the chairman of conglomerate Sistema under house arrest, accusing him of money-laundering in a move the head of an industrialists’ group condemned as being politically motivated. The charges against Sistema’s Vladimir Yevtushenkov were made in connection with the acquisition of shares in …

Bashneft Group, which comprises JSOC Bashneft, its subsidiaries and affiliates, released its unaudited consolidated financial statements for the second quarter and the six months ended June 30, 2014 prepared in accordance with International Financial Reporting Standards (IFRS) 2Q 2014 vs. 1Q 2014: The Group’s revenue from sales increased by 11.3% to RUB 163,176 million; …

Bashneft has released its preliminary operating results for the second quarter of 2014 -Average daily production reached a 20-year high of 48.1 thousand tonnes -Production growth rate at brownfields increased to 2.6% -A new asset in Western Siberia, LLC Burneftegaz, accounted for 3.8% of production -88.8% of gasoline output met …

Yesterday, the Board of Directors of JSOC Bashneft took a decision to increase the Company’s authorized share capital through a public offering of up to 37 million additional ordinary shares. The Board of Directors approved the share issue decision and the prospectus, while also giving their approval for a possible inclusion of Bashneft’s shares in Moscow Exchange’s First Tier quotation list The Board of Directors approved …

Moody’s Investors Service has today changed to positive from stable the outlook on the Ba2 corporate family rating (CFR) of OJSC Bashneft, following robust improvements to the company’s business profile alongside a fairly stable financial profile over the past 24 months. Concurrently, Moody’s has affirmed the rating Ratings rationale Today’s outlook change reflects Moody’s view that Bashneft’s business profile has strengthened …

JSOC Bashneft and OJSC Lukoil have established a new joint venture (JV), LLC Vostok NAO Oil Company, to conduct geological exploration and prospecting and produce hydrocarbons at the companies’ license areas in the Nenets Autonomous District. ‘We welcome greater cooperation with Lukoil. Successful development of the Trebs and Titov fields in the Nenets Autonomous District has proved …

Bashneft have confirmed they will be sending a delegation to the UOR, Unconventional Oil Russia Technology Conference. Taking place in May 2014, the Unconventional Oil Russia Technical Conference, UOR, will become Russia’s leading forum on technology adoption and implementation for the development of unconventional, tight oil and shale oil plays. To visit the event site please click here

Bashneft Group (further «Bashneft», «The Company», or «the 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, 2013 prepared in accordance with International Financial Reporting Standards (IFRS) In 2013, the Group’s revenue from sales increased by 5.8% year-on-year to RUB …

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, 2013 prepared in accordance with International Financial Reporting Standards (IFRS). In 2013, the Group’s revenue from sales increased by 5.8% year-on-year to RUB 563,296 million. Adjusted EBITDA increased by 3.6% …

You have recently been appointed as CEO of Bashneft Oilfield Services, BOS – what are the strategic aims and objectives of the company and your role as the CEO? Service Assets, which was only recently owned by Bashneft, is a service company offering almost an entire range of services for …