OREANDA-NEWS. JSOC Bashneft has issued the following statements related to labor protection, industrial safety, environmental protection, and social responsibility:

"Protecting labor and ensuring a high level of industrial and environmental safety are one of the key priorities of JSOC Bashneft’s activities. Not only this is due to regulatory requirements of the government but also to the Company’s and its management’s deep comprehension of its responsibility to society, its employees, stakeholders, and to future generations.

We assume the responsibility for making our industry secure, so that it guarantees protection of an individual and preservation of the surrounding environment.

The tasks of JSOC Bashneft in ensuring occupational, industrial and environmental safety are the absence of industrial injuries and other accidents; careful approach to the environment thanks to new technologies implemented; modernization of machinery; production of high-quality output; reduction of industrial waste and emissions; and providing safe working conditions.

Our strategic goal in the abovementioned fields is the measured leadership among Russian energy companies and benchmarked against international standards.

We believe that long-term sustainable development of JSOC Bashneft rests upon its corporate social responsibility. The Company believes that its sustainable development is impossible without the consideration of the interests of all parties: shareholders, consumers, employees, the population, non-governmental organizations, and the government. Therefore, it abides by the following principles of corporate social responsibility in its activities:

Observance of the rule of law;

Ethical conduct and fair business practice;

Respect of the interests of all stakeholders and open interaction with them;

Observance of the international standards of conduct;

Observance of human rights;

Concern for the environment;

Ensuring safe working conditions and human development;

Maintenance of a high level of goodwill;

Compliance with the best international practices of corporate management.

It is our firm belief that the commitment to these principles shall allow JSOC Bashneft to keep on contributing, as a responsible corporate citizen, to the enhancement of the competitive ability of Russian economy; to keep on furthering the social and economic development in the fields of its activities; to remain a reliable partner of the government, non-governmental organizations, and all the stakeholders in developing a stable and favorable social environment".