Service assets

Bashneft has sold a 100% stake in the authorized share capital of LLC Bashneft-ServiceAssets to OJSC JSFC Sistema. The transaction value determined by an independent appraiser amounted to 4.1 billion roubles The transaction approved by Bashneft’s Board of Directors forms part of Bashneft’s strategy for divesting the Company’s non-core assets. As has been reported earlier, in the first quarter of 2013, Bashneft completed the establishment of an oilfield service holding …