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Bashneft/BASH-VIT B.V. signed agreement.

Apr. 22 Bashneft signed agreement with BASH-VIT B.V. on the crude and derivatives shipment in the volume of $3.386bn, the company informed.

This deal was approved by BOD in Mar. 2014.
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 9-month 2013 net profit (RAS) boosted 1.45 fold to 48.764bn rub.

from 33.545bn rub.; revenues being up 4% to 373.811bn rub.; costs being down 10% to 192.355bn rub. from 214.208bn rub.

The 2013-net profit reached 46.17bn rub. (IAS) which is 11.7% below prior year figures due to the revaluation of the investments in Belkamneft; revenues from sales increased 5.8% to 563.296bn rub.; corrected EBITDA - 3.6% to 103.972bn rub. on the growth of raw extraction and export of petroleum products.

"AK&M", 10:16, 23.04.2014 1251 AKM,COR


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