Russia’s Bashneft to reorganize retail sales business

May 30, 2014

Bashneft has launched a programme aimed at reorganizing its petroleum products retail sales business, Bashneft’s press office said on May 29. The reorganization involves consolidation of the Company’s subsidiaries and branches specializing in retail sales into a single legal entity, LLC Bashneft-Retail Sales. The company was established by renaming an existing subsidiary, LLC Bashneft-Udmurtia , which is registered in Ufa, Bashkortostan

‘The reorganization is aimed at improving the efficiency of retail sales of petroleum products by optimizing administrative costs, standardizing business processes, centralizing business areas such as secondary logistics, maintenance and cashless settlement,’ commented Maxim Andriasov, Bashneft’s First Vice President for Refining and Commerce. ‘The reorganization, which we plan to complete before the end of the year, will not entail reducing the headcount of our retail sales workforce.’

Copyright: Bashneft, 2014