Bashneft considers probability of the GDRs listing on LSE, as it was informed Sky News.
The Company relies to raise $1bn.
Now the top managers of the Company are in talks with representatives of investment banks to consider the listing. The final decision hasn't been made yet.
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.