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Bashneft among Russia's highest oil producers despite troubled history

One year after being re-nationalised, Russian oil producer Bashneft is out to prove that state controlled companies aren’t always doomed to be uncompetitive

Apart from tighter security checks on foreign visitors entering its Moscow headquarters, little has changed at Bashneft since the Kremlin wrested a controlling stake in the oil company from Sistema, the Russian investment group. With output of crude and condensates rising by more than 12% to reach 14.67 million tonnes in the first three quarters of this year, Bashneft ranks among Russia’s fastest growing oil producers. The company ranks sixth in Russian oil producers, behind Rosneft, Lukoil, GazpromNeft, Surgutneftegaz and Tatneft. Most of the company’s top executives kept their jobs after the state takeover and have indicated a commitment to delivering the winning combination of growth an

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