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ANK Bashneft' OAO Signs Medium-Term Contracts for Supply of Oil and Petroleum Products-Interfax


Wednesday, 5 Jun 2013 10:10am EDT 

Interfax reported that ANK Bashneft' OAO (Bashneft) has signed medium-term contracts for the supply of oil and petroleum products. Thus, the Company signed a contract for the supply of oil to the Belarusian Slavneftekhim. The USD 202 million-contract is signed until January 31, 2014 with the option to renew for one year. Bashneft will also deliver oil to Concept Oil Services. The contract is signed to January 31, 2015 with option to renew for one year. The maximum amount of the deal could reach USD 2.36 billion. Under the contract with LUKOIL-Rezervnefteprodukt, Bashneft will supply petroleum products and petrochemical products to July 31, 2014. The total maximum amount of the transaction could reach RUB 45 billion. Under contract with Minco Enterprises Bashneft will supply oil products to March 31, 2014 with the option to renew for one year. The deal could reach USD 2.28 billion. Bashneft has also signed a contract with Somitekno for export of petroleum products. The contract is valid until May 31, 2014 with a possible extension for another year. The maximum amount of the deal could be worth USD 2.77 billion. Under contract with Souz Petrolium Bashneft will sell oil products to April 30, 2014 with a possible extension for a year. The maximum value of the deal is estimated at USD 2.1 billion. 

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