In response to rumors about allegedly dubious commercial operations between PJSOC Bashneft and LUKOIL Group companies, PJSC LUKOIL Press Service denies these speculations as inconsistent.

Oil and oil products supply contracts between LUKOIL Group companies, Bashneft and Bashneft-Polus, a joint venture of PJSC LUKOIL (25,1%) and PJSOC Bashneft (74,9%) have been concluded competitively and in full compliance with the effective legislation and license requirements. Bashneft has neither claims against LUKOIL nor complaints about its performance under the agreement.

OAO Lukoil published this content on 28 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 October 2016 10:01:01 UTC.

Original documenthttp://www.lukoil.com/press.asp?div_id=1&id=4474&year=2016

Public permalinkhttp://www.publicnow.com/view/FE203B8FA6AB46EB411BE7B32A61AACA86FB0C13