RBC spoke about the early termination of Bashneft contracts with Lukoil

Rosneft, who bought a controlling stake in Bashneft, decided to terminate contracts for the purchase of oil and the oncoming sale of oil products with Lukoil, RBC reports .

The publication got acquainted with the letter that the President of Bashneft Andrei Shishkin sent Valery Subbotin Valery Subbotin on October 25 on October 25. It is proposed in it from November 1, 2016 to terminate the agreement of July 3, 2015.

“Currently, companies are working on the execution of legal documentation for closing contracts,” said the interlocutor in Lukoil, adding that Rosneft’s official response has not yet been sent.

He also emphasized that with voluntary termination of the agreement, no sanctions against both parties are provided.

According to RBC, the total amount of these contacts amounted to about 400 billion rubles. They should have acted until January 31, 2017.

The agreements reached in 2015 stipulated that Bashneft would buy oil from Lukoil in the amount of up to 192 billion rubles to provide their oil refineries. At the same time, Litasco oil oil products were planned to buy oil products for further exports for a total of 193.3 billion rubles controlled by Lukoil.

Earlier, Vedomosti wrote that Rostekhnadzor will begin an unscheduled inspection of Bashneft Polus on October 24, 25.1% of which belongs to Lukoil, 74.9%-Bashneft. The newspaper noted that Rosneft has a number of issues related to prey to Bashneft. In an interview with rain, Rosneft spokesman Mikhail Leontyev said that these issues concern, in particular, why “Bashneft” “first sells its oil“ Lukoil ”, and then buys from Lukoil and processes in his own factories.”

Rosneft closed the transaction to purchase a state -owned shares of Bashneft (50.08%) on October 12. The company reported that it transferred 329.7 billion rubles to the federal treasury. The president and chairman of the board of Bashneft was the Vice President of Rosneft Andrei Shishkin.