Bashneft

The Federal Subsoil Resources Management Agency (Rosnedra) made amendments to JSOC Bashneft’s licence for geological exploration and production of hydrocarbons within a subsoil area including the R. Trebs and A. Titov oilfields in the Nenets Autonomous District ‘These amendments to the licence for the Roman Trebs and Anatoly Titov fields …

Bashneft Group has gained control over a 100% stake in LLC Burneftegaz, a company conducting exploration and producing oil in the Tyumen District. The transaction had been approved by the Federal Antimonopoly Service. LLC Burneftegaz owns the rights to exploration and development of the Sorovskoye field (the Vostochno-Vuemskiy licence area) …

The Extraordinary Meeting of Shareholders of Bashneft held today by absentee voting made a decision on the reorganization of the Company through consolidation of CJSC Bashneft-Invest, which had been created through a spinoff from CJSC Sistema-Invest, with Bashneft. The Meeting of Shareholders established the procedure and set out the conditions for the consolidation and approved the Consolidation Agreement In accordance with the …

Bashneft has successfully completed a project to create an integrated corporate management system in the sphere of health, safety and the environment (HSE) and ensure its conformity with internationally accepted standards. The British Standards Institution (BSI) has issued Bashneft with certificates confirming conformity of its HSE Management System with the OHSAS 18001 standard and conformity of the …

Bashneft has released its preliminary operating results for the fourth quarter and the 12 months of 2013. In 2013 oil production at the Company’s fields totalled 16,073 thousand tonnes (117,333 thousand barrels)*, which is 4.1% more than in 2012. In 2013 Bashneft’s average daily production reached 44 thousand tonnes per day (321.2 thousand bbl/d) ‘In 2013 Bashneft reported the …

Bashneft acquired LLC Bashneftegazrazvedka, which holds a licence for geological exploration of subsoil blocks aimed at prospecting and evaluating hydrocarbon reserves at the Vostochno-Ikskiy licence area in the Bakalinsky District of the Republic of Bashkortostan (the licence is valid until September 1, 2018). The Vostochno-Ikskiy licence area has a total area of 1,111.4 sq. km and borders the Ilishevskoye oilfield in the north-eastand the Mustafinskoye oilfield developed …

SOC Bashneft announces the launch of a corporate reorganization through a merger with CJSC Bashneft-Invest, a 100% subsidiary established as a result of the spin-off from CJSC Sistema-Invest. CJSC Sistema-Invest is owned by OJFC Sistema (50.6%) and JSOC Bashneft (49.4%) respectively, and at present holds a 25.2% stake in Bashneft’s …

The Extraordinary General Meeting of Shareholders of Bashneft held yesterday by absentee voting decided to pay dividends for the nine months of 2013 amounting to 199 roubles per ordinary registered share and per preferred registered share of the Company. Interim dividends, which are to total about 45.25 billion roubles, will be paid before the end of 2013. Earlier, in June 2013, …

Bashneft purchased three-year series BO-01 exchange-traded bonds under the offer. Series BO-01 certificated non-convertible interest-bearing exchange-traded bonds (identification number of the issue 4В02-01-00013-А as of August 29, 2011) with a par value of 1,000 roubles each (the total par value of 10 billion roubles) and obligatory centralized custody were placed …

Bashneft Group, which comprises JSOC Bashneft, its subsidiaries and affiliates, released its unaudited consolidated financial statements for the third quarter of 2013 and the nine months ended September 30, 2013 prepared in accordance with International Financial Reporting Standards (IFRS) During the nine months of 2013, the Group’s revenue from sales increased by 6.2% year-on-year to 417,054 million roubles …