Russia not to restrict Rosneft participation in Bashneft’s privatization
Oct01

Russia not to restrict Rosneft participation in Bashneft’s privatization

The Russian government will not restrict participation of state-owned oil company Rosneft in privatization of the stake of Bashneft, First Deputy Prime Minister Igor Shuvalov said during the Sochi-2016 forum “Rosneft won’t be limited from bidding,” Shuvalov said, adding that decree on start of privatization of Bashneft may be signed today. “We will decide in the coming days, perhaps even today a government decree...

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Head of Bashkiria considers Bashneft privatization amid oil prices volatility risky
Aug19

Head of Bashkiria considers Bashneft privatization amid oil prices volatility risky

Head of Russia’s Bashkiria republic Rustem Khamitov finds it risky to privatize the Bashneft oil company amid volatility of oil prices and the ruble’s rate. “Selling the company in conditions of high volatility of oil prices and the ruble rate is risky from the economic point of view. Successful sale requires stable conditions for planning and this is not the case now,” he said in an interview with TASS.   At the same...

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Fire hits Russia’s Bashneft oil company unit, kills three
Jul16

Fire hits Russia’s Bashneft oil company unit, kills three

A fire broke out at a hydrocracker unit on Saturday morning at the Ufaneftekhim refinery owned by Russian oil company Bashneft in the Urals, killing three people and injuring another two, the company said. The fire was localised by 0550 Moscow time (0250 GMT), Bashneft said in a statement. Three people were still unaccounted for. There was no danger to the local population or ecology of the region, the company said. Source: Reuters...

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