Bashneft shipped oil for 81 bln rouble to Concept Oil Services Limited
Edited by Rhod Mackenzie / 2016-01-26 02:15:22
Bashneft has signed a contract for crude oil export with Concept Oil Services Limited, Hong Kong on Jan 25th with the period of validity until December 31st 2016 and an opportunity of prolongation for a year.
The contract presupposes oil supply for up to 81 bln roubles, that is 20.13% of the value of Bashneft’s assets.
The Board of Bashneft approved the deal on December 10th 2015. In June 2013 Bashneft and Concept Oil Services Limited signed an agreement for oil export for $2.357 bln with the period of execution until December 31, 2015 and an opportunity of prolongation for a year.
