Bashneft is a Russian oil company formed by the transfer of the oil related assets of the Soviet oil ministry in Bashkortostan to the regional government of the Republic of Bashkortostan by Boris Yeltsin. It was then privatized during 2002-3 by Murtaza Rakhimov, the president of Bashkortostan, an ally of Yeltsin's, with a controlling interest in Bashkir Capital, a holding company controlled by Rakhimov's son, Ural Rakhimov. In 2009 a controlling interest in Bashneft was acquired for $2 billion by Vladimir P. Yevtushenkov and placed in his holding company, Sistema, but in July 2014 he was jailed and 72% of Sistema's interest in Bashneft seized by the Russian government. Following seizure of the company in December 2014 Yevtushenkov was released from jail, "charges not proven," but Ural Rakhimov was reported to have fled the country. It is one of the larger producers of oil products in the country. The company operates 140 oil and natural gas fields in Russia and has an annual oil production of 16 million tonnes. Bashneft owns three oil refineries located in Ufa with a combined capacity of 820,000 bbl/d (130,000 m3/d) and 100 petrol stations.
The Rosneft-owned company, Bashneft, accuses Lukoil of overestimating the tariffs for transshipment of oil through its Varandey terminal.
But now the company is looking for raw materials not in Russia, but in Grenada.
The BBC told about Sechin's testimony at a private meeting in the Ulyukayev case.
Mikhail Shamolin told why he resigned from the post of AFK Sistema President, why he headed the forest business of the group and what scenarios of its development are considered.
The oil company Zoltav Resourses, whose shareholder is the son of businessman Roman Abramovich - Arkady Abramovich, hired former top managers of Bashneft to develop exploration projects.
AFK Sistema has paid the last 40 billion rubles in the framework of the settlement agreement ahead of schedule.
We are talking about the shares of the AFC in the "Children's World" and the Bashkir Electric Grid Company.
Rosneft filed a second lawsuit against AFK Sistema. The value of Sistema's assets, which can be arrested on two claims, exceeded 315 billion rubles. This exceeds by 40 billion their market price.
The oil company filed a new lawsuit against the AFC for 132 billion rubles.
AFK Sistema must pay Rosneft 136 billion rubles. The court's decision has a fateful negative impact on the Russian economy, Sistema believes.
The company considers the current composition of the Bashkir Arbitration Court illegal.
The company considers illegal the decision to arrest its property at a claim of 170 billion rubles.
The company explained the impossibility of fulfilling credit obligations worth 3.9 billion rubles by seizure of assets by decision of the Arbitration Court of Bashkortostan.
"Sistema" asks the Prosecutor General to verify the legality of the actions of the bailiff, who has forbidden the company to receive income on the arrested shares, and Igor Sechin expects from Sistema specific proposals on the settlement agreement.
Could the Russian oligarch Vladimir Petrovich Yevtushenkov be behind the attack of the Petya virus?
To please Rosneft, the court is ready for atypical decisions on MTS.
Shares of the operator become cheaper during the trials of AFK and Rosneft.
Vladimir Yevtushenkov vainly believes that in a dispute with the oil company, "the reason will triumph."
The representatives of Sistema have not yet disclosed the details of the proposal. Following the news about a possible settlement of the dispute, the company's shares finished trading by almost 8% up.
The prosecutor's office left Bashneft managers without stock options and bonuses: probably, the received shares and money will have to be returned.
The amount of claims of Igor Sechin to Vladimir Yevtushenkov reached almost $3 billion. Apparently, this is the beginning of the end of business of the "Luzhkov's oligarch" in Russia.
Now the company of Igor Sechin demands not 106.6, but 170.6 billion rubles from Vladimir Yevtushenkov's entity.
The businessman named his yacht after the ship from the famous film "Pirates of the Caribbean" - "Black Pearl".
The multi-billion government contracts are obtained by mysterious contractors without tenders.
Operational managers replaced anti-crisis ones.
The investigation is sure to proof the guilt of ex-Minister of Economic Development, in particular with the help of records of negotiations. The names of most of his interlocutors are classified.
Rosneft paid 300 billion rubles for Bashneft . What did it get for that money?
The property of the former Minister of Economic Development, Alexey Ulyukayev, has been arrested, RBC was told in the Basmanny Court.