"Bashneft" with a guaranteed income.
Edited by Rhod Mackenzie / 2015-10-13 06:24:41
Finance Oil and Gas Refining Russia Petrochemicals PolymerUpdate Petrol Shares Russia Oil and Gas Bashneft Gazpromneft Production and Refining Rosneft
The company recorded dividends.
"Bashneft" became the first Russian oil company, which introduced an updated strategy, taking into account the fall in oil prices, devaluation and tax maneuver. The company plans to increase production and will not fully load refining, which became less profitable: this year "Bashneft", traditionally buying oil for its refineries, will close its own needs. The company promises a unique setting for shareholders, fixing the dividend at no less than 20 billion roubles per year - but analysts state it does not compensate for the absence of the company’s plans for SPO.