Bashneft

Rosneft CEO to testify in court in Ulyukayev case

Chief Executive Officer of Rosneft Igor Sechin appeared in the Moscow City Court today for testimony during the session on the complaint against the sentence to Russia’s ex-minister of economic development Alexei …

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Russia's Rosneft knocks Sistema with new $2.2 bln lawsuit

Russian oil major Rosneft filed a new $2.2 billion lawsuit against conglomerate Sistema on Thursday, Reuters reported. Rosneft bought a controlling stake in mid-sized oil company Bashneft from the government in 2016. It subsequently …

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State prosecution: Ulyukayev’s guilt proven

The state prosecution believes that the guilt of the former economic development minister, Alexey Ulyukayev, in extorting $2 million from the head of the oil company Rosneft Igor Sechin has been fully proven in …

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Ulyukayev's corruption trial to begin tomorrow

The trial of former Economic Development Minister Alexei Ulyukayev, who is accused of taking a bribe of $2 million, will begin at the Zamoskvoretsky District Court of Moscow on August 8, the court's press secretary …

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Russian oil firms discussed output cuts

Russian companies support Energy Ministry proposals to cap oil output as part of a global deal, a ministry spokeswoman said on Wednesday as Moscow prepares to finalize the agreement with OPEC and other producer nations this weekend, Reuters …

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Moscow Court keeps Ulyukayev under house arrest

The Moscow City Court upheld the decision on the house arrest of the former Russian Economic Development Minister Alexei Ulyukayev.  The court did not allow the former economy minister to talk to mass media …

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All the details of Ulyukayev's detention

Russian Minister of Economic Development Alexei Ulyukayev was detained on suspicion of taking a two-million-dollar bribe over a massive deal involving state-controlled oil giant Rosneft. It alleged in a statement the …

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Ulyukayev's phone tapped since summer

The Federal Security Service (FSB) had been tapping the Russian Economic Development Minister Alexey Ulyukayev's phone since early summer this year, Russia’s Investigative Committee's spokesperson …

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 Rosneft refuses to comment on Ulyukaev's detention

The stake in Bashneft was purchased in accordance with Russian legislature on the basis of best commercial offer made to the operator bank, a representative of Rosneft said, adding that the company would not comment on the Investigative …

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Russian Economy Minister Ulyukayev detained in Moscow

Russian Minister of Economic Development Alexei Ulyukayev was detained in connection with an alleged bribe. Russia's Investigative Committee, said Ulyukayev received a $2 million bribe in exchange for signing off on …

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Russian State Duma amendments budget

Budget amendments for 2016 have passed their second reading in Russia’s State Duma.  The draft amendments imply an increase of Russia’s 2016 federal budget deficit to 3 trillion rubles ($47.2 bln), or 3.7% of GDP. …

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Rosneft ready to buy 100% of Bashneft

Rosneft has asked Russia's Federal Anti-monopoly Service for permission to purchase up to 100% of Bashneft, the deputy head of the body, Anatoly Golomolzin, said. "They have asked us for permission to purchase 100% of …

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Rosneft cancels Lukoil's oil purchase deal with Bashneft

Russia's oil producer Rosneft asked Lukoil to cancel a crude oil purchasing contract with Bashneft, which RBC daily put at 400 billion rubles ($6.4 billion). Earlier this month Rosneft acquired just over 50% in Bashneft for 330 …

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Bashneft buys controlling stake in Rosneft

Russian Prime Minister Dmitry Medvedev has signed an order selling 50.075-percent stake in oil firm Bashneft to Rosneft. "I have signed today a decree on the sale of 50.075% of shares in oil company Bashneft …

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Rosneft could buy Bashneft for over $5 billion

Russian oil giant Rosneft could be offered the controlling stake in the medium-sized oil producer Bashneft for some 325 billion rubles ($5 billion). Another option on the table is quizzing possible buyers on the price within a week. …

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