Bashneft

{{Short description|Russian oil company}}

{{Infobox company

| name = Bashneft OAO

| logo = Bashneft_logo.png

| caption =

| type = Public (OAO)

| traded_as = {{MICEX-RTS|BANE}}

| fate =

| predecessor =

| successor =

| foundation = {{Start date and age|1946}}

| founder =

| defunct =

| location_city =

| location_country =

| location = Ufa, Bashkortostan, Russia

| locations =

| area_served =

| key_people = Nikolay Grakhantsev, (CEO)

| industry = Oil and gas industry

| products =

| services =

| revenue = {{wikidata revenue|revenue|USD}}{{wikidata revenue|revenue|ref}}

| revenue_year = {{wikidata revenue|revenue|year}}

| operating_income = {{wikidata revenue|operating_income|USD}}{{wikidata revenue|operating_income|ref}}

| income_year = {{wikidata revenue|operating_income|year}}

| net_income = {{wikidata revenue|net_income|USD}}{{wikidata revenue|net_income|ref}}

| net_income_year = {{wikidata revenue|net_income|year}}

| assets = {{wikidata revenue|assets|USD}}{{wikidata revenue|assets|ref}}

| assets_year = {{wikidata revenue|assets|year}}

| equity = {{wikidata revenue|equity|USD}}{{wikidata revenue|equity|ref}}

| equity_year = {{wikidata revenue|equity|year}}

| owner = Rosneft (57.7%){{cite web|title=Список аффилированных лиц|url=http://www.e-disclosure.ru/portal/files.aspx?id=1976&type=6|website=e-disclosure.ru|access-date=26 August 2017}}

| num_employees = 8,150

| parent = Government of Russia

| divisions =

| subsid =

| homepage = {{URL|www.bashneft.com}}

| footnotes =

| intl =

}}

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 Yevtushenkov{{Cite web |title=Владимир Евтушенков |url=https://24smi.org/celebrity/4807-vladimir-evtushenkov.html |access-date=2023-03-20 |website=24SMI |language=ru}} 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.{{cite news|author1=Natasha Doff and Ksenia Galouchko|title=Sistema Shares Soar as Putin Says Evtushenkov Charges Not Proven|url=http://www.businessweek.com/news/2014-12-18/sistema-jumps-most-on-record-as-owner-freed-from-house-arrest|archive-url=https://archive.today/20141227183135/http://www.businessweek.com/news/2014-12-18/sistema-jumps-most-on-record-as-owner-freed-from-house-arrest|url-status=dead|archive-date=December 27, 2014|access-date=December 27, 2014|agency=Bloomberg News|issue=Bloomberg Business News|date=December 18, 2014|quote=Russia has seized 71.6 percent of OAO Bashneft from Sistema since ordering Evtushenkov’s arrest on Sept. 16 in a money-laundering investigation linked to the state’s sale of the oil company in the previous decade.}}{{cite web|title=Bashneft is notified of a change of a majority shareholder|url=http://www.bashneft.com/press/releases/7714/|website=bashneft.com|publisher=Bashneft|access-date=December 27, 2014|format=Press release|date=December 10, 2014|quote=According to the notification, 122,971,934 ordinary shares and 6,192,245 preferred shares of JSOC Bashneft (71.62% of its authorized share capital) have been transferred from the accounts of OJSC JSFC Sistema and CJSC Sistema-Invest to the account of the Federal Agency for State Property Management.|archive-url=https://web.archive.org/web/20160304031416/http://www.bashneft.com/press/releases/7714/|archive-date=March 4, 2016|url-status=dead}} 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.{{cite news|author1=Steven Lee Myersand Jo Becker|title=Even Loyalty No Guarantee Against Putin|url=https://www.nytimes.com/2014/12/27/world/even-loyalty-no-guarantee-against-putin.html|access-date=December 27, 2014|work=The New York Times|date=December 26, 2014|quote=Mr. Rakhimov’s government privatized Bashneft, with most of its shares ending up in the hands of a company called Bashkir Capital}} It is one of the larger producers of oil products in the country.{{cite web|url=http://www.bashedu.ru/|title=Products |publisher=bashedu.ru|access-date=2009-09-08| archive-url= https://web.archive.org/web/20090926202850/http://www.bashedu.ru/| archive-date= 26 September 2009 | url-status= live}} 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 {{convert|820000|oilbbl/d|m3/d|abbr=on}} and 100 petrol stations.