In 2016, Bashneft to invest 4 billion rubles in development of petrochemical sector

In 2016, Bashneft, which is one of the ten largest Russian oil companies, intends to invest 4 billion rubles in the development of the petrochemical segment, the company’s CFO Alexei Lisovenko said during a conference call.

In total, he said, the Bashneft’s capital investments will amount to about 99 billion rubles, excluding VAT in the current year, 65 billion rubles of which will be invested in geological exploration and production.

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