OREANDA-NEWS. December 8, 2011. Shareholders of Bashneft, voting in special general meeting, have approved a new version of the company’s charter. The changes bring statutes in the chart regulating procedures for determining the number of authorized shares of the company into conformance with laws of the Russian Federation.

"Revisions that shareholders made in the charter concern only one point, maintaining the relationship between preferred shares and ordinary shares of the company. The shareholders voted to exclude that provision from the document," said Alexander Goncharuk, Chairman of the Board of Directors of JSOC Bashneft. "That change increases our ability to attract capital and manage its cost."