19 October 2009, Monday, 12:05

JSC “Bashneft” is accredited in the Interregional stock exchange

author: Olga Gorunova

JSC “BASHNEFT’ received accreditation of the participant of the fuel-energy complex’s Interregional exchange in the section “Oil products”. At present time the company carries out some technical arrangements, necessary for the beginning of the auction in the stock exchange, the news-service of the company reports.

“Though the volume of oil products sales in stock exchanges is still very low at present time we consider this instrument as very important for the oil product market” – the General Director of JSC “BASHNEFT” Viktor Khoroshavtsev says – “The stock exchange has substantial significance because the public price indicators are formed here. We consider this instrument as one more channel for oil sales and don’t intend to restrict the volumes of sales – they will be determined in the course of the auction, coming from the market conjuncture”.

At present time JSC “BASHNEFT” prepares documentation to get the accreditation of the Saint-Petersburg international commodity and raw materials exchange.