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BANE on Moscow Exchange

Bashneft

Logo: ☭Acodered, Public domain, via Wikimedia Commons3

Russian oil company

Bashneft is a Russian oil company formed by the transfer of the oil related assets of the Soviet oil ministry in Bashkortostan to the regional government of the Republic of Bashkortostan by Boris Yeltsin. It was then privatized during 2002–3 by Murtaza Rakhimov, the president of Bashkortostan, an ally of Yeltsin's, with a controlling interest in Bashkir Capital, a holding company controlled by Rakhimov's son, Ural Rakhimov.2 It employed about 25,000 people.1 Its revenue was ₽989 billion in 2025.1 It is part of Rosneft.1 Its shares trade on Moscow Exchange under the symbol BANE.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1946Founded1
  • TickerBANE on Moscow Exchange1
  • IndustryRussian chemical industry, extraction of petroleum1
  • HeadquartersUfa1
  • Founded inUfa1
  • Websitewww.bashneft.com
  • Legal formjoint-stock company1

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Oil pump Bashneft
Photo: ☭Acodered, CC BY-SA 3.0, via Wikimedia Commons5

Bashneft is a Russian oil company formed by the transfer of the oil related assets of the Soviet oil ministry in Bashkortostan to the regional government of the Republic of Bashkortostan by Boris Yeltsin. It was then privatized during 2002–3 by Murtaza Rakhimov, the president of Bashkortostan, an ally of Yeltsin's, with a controlling interest in Bashkir Capital, a holding company controlled by Rakhimov's son, Ural Rakhimov. In 2009 a controlling interest in Bashneft was acquired for $2 billion by Vladimir Yevtushenkov and placed in his holding company, Sistema, but in July 2014 he was jailed and 72% of Sistema's interest in Bashneft seized by the Russian government. Following seizure of the company in December 2014 Yevtushenkov was released from jail, "charges not proven," but Ural Rakhimov was reported to have fled the country. It is one of the larger producers of oil products in the country. The company operates 140 oil and natural gas fields in Russia and has an annual oil production of 16 million tonnes. Bashneft owns three oil refineries located in Ufa with a combined capacity of 820,000 bbl/d (130,000 m3/d) and 100 petrol stations.2

Corporate structure

Bashneft is part of a group headed by Rosneft. 24 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Bashneft reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

The Russian holding Sistema bought a controlling stake in Bashneft in March 2009 for US$2 billion.

In March 2014, Bashneft acquired a 100% stake in Russian oil firm Burneftegaz in a deal totalling more than $1 billion.

Murtaza Rakhimov and Kadir Timergazin formerly worked for Bashneft.

In 2016, Bashneft was ranked as being among the 12th best of 92 oil, gas, and mining companies on indigenous rights in the Arctic.

Bashneft has been ranked no. 48 in the Arctic Environmental Responsibility Index (AERI) that covers 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle.

On the website of PJSC Bashneft, after the introduction of International sanctions during the 2022 Russian invasion of Ukraine, information about members of the board of directors and the board of the company was deleted.

From Wikipedia’s article on Bashneft, shared under CC BY-SA 4.0.4

Products and brands

  • petroleum product

Listed on Wikidata.1

Subsidiaries and ownership

Parent company

Owners

Subsidiaries

From Wikidata.1

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Bashneft revenue by year1989.1B RUB in 2025+68% since 2016
0500.0B RUB1.0T RUB1.5T RUB2016: 587.7B RUB587.7B RUB20162020: 532.6B RUB532.6B RUB2020−9%2021: 851.7B RUB851.7B RUB2021+60%2024: 1.1T RUB1.1T RUB2024+33%2025: 989.1B RUB989.1B RUB2025−13%
  • 2025989.1B RUB1
  • 20241.1T RUB1
  • 2021851.7B RUB1
  • 2020532.6B RUB1
  • 2016587.7B RUB1

Net income

Bashneft net income by year146.6B RUB in 2025−10% since 2016
-50.0B RUB050.0B RUB100.0B RUB150.0B RUB2016: 52.0B RUB52.0B RUB20162020: -12.5B RUB-12.5B RUB20202021: 84.9B RUB84.9B RUB20212024: 103.9B RUB103.9B RUB2024+22%2025: 46.6B RUB46.6B RUB2025−55%
  • 202546.6B RUB1
  • 2024103.9B RUB1
  • 202184.9B RUB1
  • 2020-12.5B RUB1
  • 201652.0B RUB1

Timeline

  1. 1995Went public Listed on Moscow Exchange1
  2. 1946Founded Founded in Ufa1

Sources

The numbers on this page point here. Each one links to the record it came from.

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