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ANK Bashneft' OAO to supply oil products to Septo-Interfax

Friday, 7 Feb 2014 05:32am EST 

ANK Bashneft' OAO:Bashneft has signed a contract to sell oil products for export to Septo Trading Inc, the Russian oil company said in a statement-Interfax.The deal is worth up to $2.4 billion.The contractual obligations are supposed to be met in the period from the start of Feb. to Jan. 31, 2015, but the contract can be extended for one year upon mutual agreement of the parties.Bashneft has also entered into a contract worth up to 49.65 billion Russian rubles to buy crude oil from Shell in the period from Feb. 1 to Feb. 29, 2016.