Bashneft sells oils and lubricants on the SPIMiEX

St. Petersburg International Mercantile Exchange (SPMIEX), Russia’s leading petroleum exchange in terms of total trading, said that Bashneft has begun trading oils and lubricants. Bashneft has been selling gasoline, diesel fuel and heating oil on the SPIMIEX. This year, the company expects to sell more than 100,000 tons of different types of oil and lubricants on the SPIMIEX. Total petroleum trading on the SPIMIEX reached more than 10 million tons in 2011, more than double the total in 2010. (February 7, 2012)