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06.08.2015 17:26:00

Bashneft -- Russian oil sector shrugs off low oil prices on favourable tax regime and weak rouble

London, 06 August 2015 -- Russian oil producers are showing resilience to lower oil prices as a favorable domestic tax system and a weak rouble underpinned sector profitability and cash generation in the first quarter of 2015. Moody's report, entitled "Oil Companies -- Russia: Q1 2015 Results Show Tax System Weak Rouble Offset Lower Oil Prices," is available on www.moodys.com. Moody's subscribers can access this report via the link provided at the end of this press release.

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