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Shell seals $4bn Bashneft deal
Royal Dutch Shell has sealed a two-year deal worth up to £2.5bn to supply oil to mid-sized Russian refiner and retailer Bashneft, the Russian firm said yesterday, extending an existing agreement between the two sides. The deal, worth 122.4bn roubles (£2.5bn), is signed until 25 November 2014, while the previous agreement expires this month, Bashneft said.