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Russian petchem firms tie knot Apr 26, 2021 2:10:pm Summary by: Joseph Murphy Russia s largest petrochemicals producer Sibur and smaller rival TAIF have struck a deal to merge their polymer businesses, combining more than 70% of Russian petrochemicals supply in a single company. Shar. Posted in: ....
Gazprom Scraps Baltic LNG Contract Mar 16, 2021 5:40:am Summary There were discrepancies in the project s risk assessment and in how risks should be shared, according to contractor Nipigaz. by: Joe Murphy Russia s state-owned Gazprom and its private partner Rusgazdobycha have cancelled an engineering, procurement and construction (EPC) contract for processing facilities at a gas comple. Posted in: ....
By Reuters Staff 2 Min Read (Reuters) - Russia’s largest petrochemicals producer Sibur was more likely to list in the public markets close to the opening of a $10 billion Eastern Siberia production plant by mid-2024, the company’s chief financial officer told the Financial Times. The company, which is halfway through a $19 billion expansion push to open two new production sites that will roughly treble its pre-2020 polymer output, will instead focus on ramping up its exports to China and other Asian markets, CFO Peter O Brien told on.ft.com/3p8bktu the FT. Sibur on Thursday said that the Eastern Siberian Amur Gas Chemical Complex, could start operations six months ahead of schedule by mid-2024 and the cost of the project will probably be $10 billion, down from previous estimates of between $10 billion and $11 billion. ....