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ANK Bashneft' PAO (BANE.MM)

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Latest Key Developments (Source: Significant Developments)

ANK Bashneft' OAO sells oil products for up to 40.66 billion roubles
Wednesday, 22 Jul 2015 09:38am EDT 

ANK Bashneft' OAO:Says signed an agreement with SOMITENKO LTD for supply of oil products for up to 40.66 billion roubles.  Full Article

Republic of Bashkortostan receives 25 pct stake in ANK Bashneft' OAO
Thursday, 2 Jul 2015 08:00pm EDT 

ANK Bashneft' OAO:Says it has received a notice from JSC Reestr, a registrar, about the changes of its shareholders.According to the notice, the Republic of Bashkortostan, represented by the Ministry of Land and Property Relations, became the owner of 38,128,551 ordinary shares and 6,280,076 preferred shares of Bashneft (25 pct of the authorized capital).The share of the Federal Agency for State Property Management in the authorized capital of the company decreased proportionally to 88,951,379 ordinary shares (50.08 pct of the authorized capital).  Full Article

ANK Bashneft' OAO recommends FY 2014 dividend
Thursday, 28 May 2015 02:37am EDT 

ANK Bashneft' OAO:Recommends FY 2014 dividend of 113 roubles a share for both ordinary and preferred shares.Proposes record date on July 17.  Full Article

Fitch affirms ANK Bashneft' OAO ratings at BB, off rating watch negative, outlook stable
Tuesday, 24 Mar 2015 05:44am EDT 

ANK Bashneft' OAO:Fitch Ratings has affirmed Bashneft's long-term foreign and local currency Issuer Default Ratings (IDR) at BB and removed the ratings from Rating Watch Negative (RWN).A Stable Outlook is assigned.The removal of RWN reflects Fitch's view that currently there are no significant risks for Bashneft stemming from the legal action that the Russian authorities launched in mid-2014 against AFK Sistema OAO, Bashneft's then majority shareholder.  Full Article

INTER RAO YEES OAO subsidiary and ANK Bashneft' OAO sign heat and gas supply agreement
Sunday, 11 Jan 2015 07:00pm EST 

INTER RAO YEES OAO:Says its subsidiary, Bashkir Generation Company LLC, and ANK Bashneft' OAO signed an agreement for the supply of heat to oil refineries and petrochemical facilities, and the supply of associated gas to Bashkir power stations.The agreement has been signed for 2015 and 2016, with a possible extension until 2022.The take-or-pay agreement covers the supply of guaranteed amounts of heat (not less than 2.5 million Gcal per year) and gas (not less than 42.5 cubic meters per year) that the parties will review on an annual basis.  Full Article

Court lifts injunction on ANK Bashneft' OAO shares-Interfax
Monday, 22 Dec 2014 03:47am EST 

ANK Bashneft' OAO:The Moscow Arbitration Court on Monday ruled in favor of a motion from Russia's first deputy prosecutor general and lifted the freeze order on shares in oil company Bashneft, an Interfax correspondent reported from the court-Interfax.The court ruling says that the first deputy prosecutor's request was received on Dec. 16.The judge said at Dec. 22 hearing that the request to lift the injunction had been made because the ruling had entered into effect and that the circumstances that could have inflicted damage on the state had been canceled.A lawyer for AFK Sistema said the holding had fulfilled the court's decision to return shares in Bashneft to the state on Dec. 9.  Full Article

ANK Bashneft' OAO to sell oil to Vitol in 2015 worth up to RUB 98.5 bln-Interfax
Thursday, 18 Dec 2014 05:42am EST 

ANK Bashneft' OAO:Concluded a deal to sell export oil to Vitol worth up to 98.5 billion roubles, Bashneft said in a statement-Interfax.The agreement, which enters force on Jan. 1, 2015, is for one year with the option to extend for another year.  Full Article

ANK Bashneft' OAO, NK Lukoil OAO appeal invalidation of Trebs-Titov license re-registration-Interfax
Monday, 15 Dec 2014 03:31am EST 

ANK Bashneft' OAO:Bashneft and Lukoil have filed an appeal in Moscow Arbitration Court seeking to reverse a court ruling that invalidated the re-registration of the Trebs and Titov oil fields to a joint venture between the two oil majors-Interfax.On Dec. 3, the court had deemed Russian subsurface resource agency Rosnedra's actions to re-register the license to Titov-Trebs in the name of the Bashneft-Polyus joint venture to have been unlawful, granting in part a suit brought by Bashneft minority shareholder Riley Inozemtseva.Inozemtseva's was the second lawsuit to be filed against re-registration of the Trebs-Titov license.Bashneft-Polyus launched oil production at Trebs-Titov in Aug. 2013, producing a total of 291,000 tonnes last year and targeting production of 900,000 tonnes this year.Commercial production is slated to commence in 2016, with output rising to a plateau of 4.8 million tonnes a year by 2020.Recoverable (C1+C2) oil reserves at Trebs-Titov total 140.1 million tonnes, according to the state balance of reserves.  Full Article

Aktsionernaya Finansovaya Korporatsiya Sistema transfers ANK Bashneft' to state ownership
Monday, 8 Dec 2014 07:00pm EST 

ANK Bashneft' OAO:Sistema and its subsidiary CJSC Sistema-Invest have transferred 122,971,934 ordinary shares and 6,192,245 preferred shares in Bashneft' to Federal Property Management Agency in accordance with the decision of Moscow Arbitration Court dated Nov. 7, which entered into force on Dec. 9.Shares represent 71.6% of Bashneft' charter capital.  Full Article

Court rules in proceedings regarding ANK Bashneft' OAO license to Titov-Trebs oilfields-Interfax
Wednesday, 3 Dec 2014 09:16am EST 

ANK Bashneft' OAO:The Moscow Arbitration Court deemed Russian subsurface resource agency Rosnedra's actions to re-register the license to the Titov-Trebs oilfields in the name of the Bashneft-Polyus company to have been unlawful, an Interfax correspondent reports from the court-Interfax.Thus, the court granted part of a suit brought by Bashneft minority shareholder Riley Inozemtseva regarding the license to the company's biggest asset.Bashneft-Polyus is a joint venture between Bashneft and Lukoil.The court rejected the remainder of the suit, to invalidate decisions by the Bashneft governing bodies regarding the transfer of the license.A lawyer for Bashneft told Interfax that the company would consider appealing against the ruling after it has examined the reasons for the judgment.Lukoil and Rosnedra were not commenting.  Full Article