“Bashneft” in 2015, increased oil production by 11.9%, to 19,92 million tons

“Bashneft” in 2015, increased oil production by 11.9%, to 19,92 million tons

MOSCOW, January 26. “Bashneft” in 2015, increased oil production by 11.9 percent to 19,919 million tons. At the end of the year the level of daily production exceeded 58 thousand tons. This is stated in the message of the company.

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The volume of oil refining decreased by 11.7% to 19,134 million tons. The output of light petroleum products reached 68,0%, refining depth at 85.8%.

The standard “Euro-5” corresponds to 95.7% of the produced gasoline and almost 100% of diesel fuel.

The decrease in the refining occurred due to the reduction of low-margin production of dark oil products and the modernisation and decommissioning of uneconomic capacity of primary processing, resulting in total capacity of the refinery complex “Bashneft” is 23.2 million tons.

In 2015 the company continued to cut production of low-margin heavy petroleum products: production of vacuum gas oil compared to 2014 decreased to 88.4% (up to 191 thousand tons), fuel oil – by 17.6% (2,516 MT).

“In 2015, Bashneft retained its leadership among Russian oil companies in terms of increasing production, providing about 29% of the increase in oil production in Russia, – said the President “Bashneft” Alexander Korsik. – The main contribution to this achievement has introduced new assets in Timan-Pechora and Western Siberia, the company again saw growth in production at Mature fields in Bashkortostan. Consistent implementation of the program of modernization of the processing complex has allowed us to significantly increase the yield of light oil and ensure the release of more than 98% of motor fuel Euro-5″.

In the 4th quarter of 2015, “Bashneft” has mined of 5,246 million tons of oil, which is 11.1% more than in the same period a year earlier. Average daily production for the quarter reached 57 thousand tons compared to 51.3 thousand in the 4th quarter of 2014 processing Volume decreased by 9.7% to 4,821 million tons.