Russia - 04

Russia: Bashneft: The Challenge of Pleasing Everyone

On 12 October, Bashneft unveiled its strategic plan through 2020. Bashneft’s new strategy outlines its vision after its repossession by the government in December 2014. Its management, led by the unsinkable Alexander Korsik, designed the strategy to please the firm’s three major shareholders: the federal government, at 50%; the regional administration of Bashkortostan, with 25%+1 share; and the private investors who hold the balance of the company’s share capital.

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