In Q1, Bashneft increased oil production by 12.3% to 5.286 million tons

In the first quarter of 2016, Bashneft increased its oil production by 12.3% compared with the same period last year to 5.286 million tons, the company’s report under IAS informs.
 
"Despite the deterioration of market conditions, in the first quarter the company achieved strong financial results. The decrease in the oil prices continued during the period was partially offset by the increase in the oil production and sales volume, including exports - by 21.8% (to 2.033 million tons), and to the domestic market - by 72.3% (to 684 thousand tons) as compared to the first quarter of 2015, "- Bashneft reported.
 

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