Bashneft Company News

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Russian Court Orders Sistema To Pay Rosneft $2.3B In Damages
Wednesday, August 23, 2017Russian court ruled that conglomerate Sistema should pay more than $2.3 billion to Rosneft in a dispute over Bashneft.

Russia's Lukoil CEO Sees No Risk For Bashneft Sale From Ulyukayev's Case
Tuesday, November 15, 2016Vagit Alekperov, CEO of Lukoil, which was bidding for rival Bashneft, said he saw no risks for Bashneft privatization due to detention of Economy Minister Alexei Ulyukayev's case.

Russia's Rosneft Says Seeking Permission To Buy 100% Of Bashneft
Friday, October 28, 2016Russian oil major Rosneft has asked Russia's anti-monopoly body for permission to purchase up to 100% of Bashneft.

Bashneft Shareholder Says Received Assurances From Rosneft
Thursday, October 20, 2016Russian oil major Rosneft agrees to uphold all its commitments to the Russian region of Bashkortostan after taking over mid-sized oil firm Bashneft.

Russia's Bashneft Says Rosneft VP Becomes Its New CEO
Thursday, October 13, 2016Andrei Shishkin, a vice-president of Russia's top oil producer Rosneft, has been appointed as new chief executive of oil firm Bashneft.

Russia Approves Rosneft's $5.3 Billion Bid for Bashneft Stake
Thursday, October 06, 2016Igor Sechin won a battle to buy the government's share in a regional oil producer, allowing state-controlled Rosneft PJSC to continue expanding.

Russian Oil Firm Sale Delay Seen Reflecting Kremlin Pre-Election Unease
Thursday, August 18, 2016The Russian government's move to delay the sale of a stake in the Bashneft oil firm reflects Kremlin unease before the elections.

Shares In Russia's Bashneft Slump After Privatisation Delay
Wednesday, August 17, 2016Shares in Russian oil firm Bashneft fell as much as 15% on Wednesday after Russian Prime Minister Dmitry Medvedev postponed plans to sell a government stake in the company.

Only Special Russian Decree Could Bar Rosneft From Bashneft Sale
Monday, August 15, 2016Russia's Economy Ministry advises Prime Minister Dmitry Medvedev he would have to issue a special decree if he wants to bar Rosneft from the privatization of a mid-sized energy group.

Bashneft Stake Valued At Up To 315B Rbls For Privatization
Friday, August 05, 2016The stake in Russian oil company Bashneft which is slated for privatization has been valued at between $4.54-4.82 billion.

Russia's Bashneft Stake Preliminarily Valued At $3B
Wednesday, August 03, 2016The Russian government's stake in oil company Bashneft is seen worth $3 billion, according to a preliminary valuation.

Kremlin: There is 'Understanding' Rosneft Should Not Buy Stake in Bashneft
Friday, July 22, 2016Kremlin says that there is an 'understanding' in the Russian government that state-owned oil firm Rosneft should not take part in the privatisation of rival Bashneft.

Russia's FinMin Says Bashneft, Alrosa Privatization To Go Ahead In 2016
Wednesday, June 08, 2016Russian Finance Minister Anton Siluanov expects the privatization of Bashneft and Alrosa to go ahead in 2016, but says it will be more difficult to sell the state-owned stake in Rosneft.

Russia's Putin Order Opens Way For Entire State Stake Sale In Bashneft
Tuesday, May 17, 2016Russian President Vladimir Putin excludes mid-sized oil producer Bashneft from the list of strategically important companies, opening the way for the entire state's stake sale.

Russia's Bashneft Mulls Secondary Public Offering of 10%
Tuesday, April 12, 2016Bashneft, expected to be privatized later this year, is considering a secondary public offering of 10% of its shares, according to the company's chief executive Alexander Korsik.

Sberbank Exec: Foreign Banks Aren't Involved in Bashneft Privatization
Tuesday, April 05, 2016Foreign banks are not involved in the privatization of oil company Bashneft, says a senior executive of Russian bank Sberbank.

Russian Economy Minister Proposes Cutting State Stake in Bashneft to Zero
Tuesday, March 01, 2016Russia's economy ministry proposes cutting the state's stake in mid-sized oil company Bashneft to zero as part of a privatisation process.

Source: Russia Will Only Sell Control of Bashneft if Paid Premium
Thursday, February 18, 2016The Russian state could sell only around 25 percent in mid-sized oil company Bashneft if the likely buyer fails to offer a significant premium to the market price, according to a government source.

Russia's Bashneft Sees No Threat to Dividends from Oil Taxation Change
Monday, October 12, 2015Bashneft says it will stick to its dividend policy despite the recent change in oil taxation by the Russian government.

Russian Oil Firms Raise Profits And Output, Spurred By Rouble Weakness
Friday, August 28, 2015Russian oil firms are increasing their rouble profits and raising production as a weak currency protects their business, which has turned into one of the world's most profitable.

Bashneft Group Announces Increased Production, Decreased Revenue
Monday, June 08, 2015Bashneft Group's revenue decreases by 2.5 percent from 1Q 2014 to 1Q 2015, while its average oil production grows by 14.7 percent to 373,814 barrels per day.

Russia's Timchenko Says Has 'No Interest' in Buying Bashneft
Tuesday, December 09, 2014Russian tycoon Gennady Timchenko says he has no interest in buying independent oil firm Bashneft.

Lukoil, Bashneft Start Oil Production at Trebs/Titov Fields
Tuesday, August 27, 2013Test production at the Trebs and Titov fields in northern Russia is expected to produce 2.2 million barrels by the end of this year.

Iraq OKs Three Exploration Deals, Delays Decision on One
Tuesday, September 25, 2012The Iraqi cabinet approved exploration deals with a Lukoil-led group, a Bashneft-led group and Pakistan Petroleum, and delayed making a decision on a contract with a Kuwait Energy-led consortium, a government spokesman said.

Oil Spill at Bashneft-Lukoil Trebs Arctic Venture
Monday, April 23, 2012An oil spill in the Russian Arctic affected an area after workers tried to open an old well, causing oil to gush uncontrollably for 37 hours, officials said Monday.

Lukoil, Bashneft May Lose Arctic Oil Fields License
Friday, March 23, 2012The Russian govt may revoke a license to develop the giant Trebs and Titov oil deposits from Lukoil and Bashneft, said the minister for natural resources.

Russia's Bashneft Wins Titov, Trebs Licenses
Thursday, December 02, 2010Bashneft won the right to develop the Trebs and Titov oil fields, following an earlier decision to exclude local and international energy giants from the tender.

PetroNeft to Supply Pipeline for Lineynoye Oil Field, License 61
Tuesday, July 29, 2008PetroNeft, owner and operator of License 61, has signed an agreement with CJSC "Karos" to supply pipe for the planned, 60km export pipeline from the Lineynoye oil field to the Bashneft Lukpaiskaya custody transfer point, northwest of License 61.

Bashneft, Gazprom Neft, Lukoil Buy 3 Oil, Gas Licenses
Tuesday, March 18, 2008Russian oil companies Bashneft, Gazprom Neft and Lukoil Holdings have bought three oil and gas licenses, the Natural Resources Ministry said Tuesday.