The Myanmar ministry of energetic published results of the second Licensing round on the surface units, as it was informed.
Bashneft won the right to settle the PSA agreement on the ER-4 crude oil unit with 90% in the share and to become a project operator. The partner keeping 10% is Sun Apex Holdings Ltd. (local company). The project is appraised to demand $38.3mln of investments.
Bashneft (TIN 0274051582) is a head entity included into the fuel-energetic complex of Bashkortostan. It gushes out the crude in Bashkortostan, Western Siberia and Orenburgsky reg. The proved reserves cover 2.007bn barrel of the crude. Bashneft keeps 279 licenses; 162 fields being under development.
The 2012 net profit (IAS) rose 4.5% to 52.088bn rub.; EBITDA moved up 7.6% to $2.549bn; revenues - 9.5% to 532.502bn rub.
The IQ 2013 net profit (RAS) boosted 48% to 14.068bn rub. from 9.532bn rub.; revenues being down 1% to 111.558bn rub. from 112.732bn rub.; gross profit came to 53.434bn rub. vs. 42.469bn rub. prior year.