"Bashneft" to consolidate 700 million roubles of "Burneftegaz's" foreign debt.

"Bashneft" will consolidate 700 million roubles of "Burneftegaz" external debt, which it acquired on March 27th, it is stated in a presentation in the results of the oil company in 2013.

" "Burneftegaz" the purchase was funded by cash reserves established at the time of the deal," - the presentation stated.

As Itar-Tass reported earlier, "Bashneft" gained control of 100 % of LLC "Burneftegaz", a leading oil exploration and production company in the Tyumen region. The transaction amount exceeded $ 1 billion, including the right to demand the payment of the debt to "Burneftegaz" group companies. "Gazprom Neft" and "Rosneft" were also interested in "Burneftegaz" purchase.

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