Bashneft reduced revenue from oil products sales by 11.2% in Q1 2015

​The amount of the revenue made by the company on the sale of oil products in Q1 made up 84.12 bln roubles. In Q1 2014 Bashneft made 94.7 bln roubles on the sale of oil products.

The stake of revenue made in the segment of oil refining in Q1 made up 70.8% of the total revenue (in 2014 – 72.9%).

The prime cost of oil products sale rose by 7.3% to 57.6 bln roubles in Q1. The expenditure on raw materials fell from 44.6 to 35.3% in the total expenditure. Besides its own oil raw materials, the oil refinery plants of Bashneft process raw materials of Lukoil and Shell.

The completion of the program of modernization of oil refinery plants is the priority direction of the company’s oil processing development. In its framework the stake of Euro-5 motor fuel in the total volume of production should make up 100% in 2016, after 2019 – the output of grease oil and vacuum gasoil should rise.