Rustem Khamitov took part in PSJOC Bashneft’s Investor Day

Alexander Smirnov

UFA, 13 October 2015. /Bashinform News Agency, Alexander Smirnov/. On October 12, in Moscow, the Head of Bashkortostan Rustem Khamitov took part in the Investor Day of PSJOC Bashneft, which presented a long-term development and strategy program of the company for 2015-2020.

As one of the industry leaders in profitability for the shareholders, Bashneft in accordance with its strategy intends to continue paying high dividends in the amount of not less than the indicator of 2014 (20 billion rubles) and at least 25 percent of net profit under IFRS.

The Bashneft’s strategic objectives till 2020 also include striving for best industry performance indexes in the field of occupational health, labour safety, environmental protection, and active implementation of innovative technologies in oil production and refining.

Before the start of the presentation to the investment community Rustem Khamitov met with the First Deputy Minister of Energy of the Russian Federation, the Chairman of the Board of Directors of PSJOC Bashneft Alexey Teksler. They discussed the current operating results of the company, its economic performance in the first nine months of 2015, the progress of investment projects.

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