Bashneft News

Sistema Welcomes Efforts to Resolve Conflict with Rosneft

Russia's Sistema conglomerate said on Thursday it welcomes all efforts to resolve its legal conflict with Rosneft after the oil major filed a new, $2.2 billion, lawsuit seeking damages. "Sistema welcomes any and all efforts for the settlement of the conflict on conditions that would suit all sides," a spokesman for Sistema said. The lawsuit relates to the 2009-2014 dividends paid by Rosneft-controlled oil producer Bashneft, formerly owned by Sistema. Reporting by Anastasia Teterevleva; writing by Vladimir Soldatkin

Russia Sets Oil Production Record for 2015

Against the backdrop of a sharp drop in oil prices sharply increased their exports, Russia has set a new record for oil production in 2015. This is a new record for oil production (including gas condensate) - 534 081 000 tons, which is 1.4% higher than in 2014, reports "Interfax" referring to the data of the Central Supervisory Control fuel and energy complex. The leader was the company "Bashneft". Others are "Gazprom Neft", "Surgutneftegaz" and reduced "Rosneft", "Lukoil" and "Slavneft". According to the Ministry of Finance, in 2015, oil companies have earned on the devaluation of about 400 billion rubles, according to forecasts, in 2016 this figure fell to 300 billion rubles.