Bashneft has granted loan of up to $150 million to its Cyprian subsidiary

Bashneft has granted loan of up to $150 million to its Cypriot subsidiary Bashneft Middle East. The transaction was closed on March 24th, and the Board of Directors agreed the granting of the loan on March 21st.

In January 2013, Bashneft Middle East became the owner of 1.38% in the parent company. In November 2013, Bashneft Investments S. A.

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