3 Dec 2012 13:41

Bashneft to provide its international subsidiary with $196 mln in financing

MOSCOW. Dec 3 (Interfax) - Bashneft will provide its 100% international subsidiary Bashneft Middle East Limited with up to $196 million in financing, the company said in a statement.

Cyprus-registered Bashneft Middle East Limited is first mentioned in Bashneft's financial reporting to Russian Accounting Standards (RAS) for Q2 2012.