Volga | Materials, extraction

Bashneft buys Orenburgnefteproduct for $100m

7 Apr '11
Republic of Bashkiria oil giant Bashneft has purchased 94% shares in Orenburg region oil products trader Orenburgnefteproduct from Russneft for $100m, Kommersant reports.

Orenburgnefteproduct owns 16 oil bases and 95 petrol station in Orenburg region.

Expansion at individual wholesale and retail markets is a part of Bashnefts strategy of becoming a vertically integrated oil company.
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