Bashneft increased oil production by 7% in Jan-March 2014

Bashneft produced 4.15 million tons of oil in January-March 2014 (+7% against 2013).

An average daily production made up 45.6 thousand tons a day in January-March 2014.

Significant growth was due to an increase of production by 2.2% at mature deposits at the expense of carrying out high-efficient geo-technical jobs and production of 176 thousand tons of oil at the Trebs and Titov deposit in January-March 2014.

Since March 27, 2014 Bashneft books the production of Burneftegas on its balance. It produced 9 thousand tons of oil during the five days in March.

The oil refinery of Bashneft processed 5.318 million tons of oil in January-March 2014 (+2% y-o-y).

An average processing depth made up 83.08% in Q1, 2014. It is by 1.46 basis points less than in Q1, 2013.

The yield of light oil products is down by 1.4 basis points – to 58.64%