News Post
Russia’s Sibur, Sinopec eye gas-chemical project
VYNGAPUR, Russia (
Reuters) -- Russian
petrochemical company Sibur is in talks with shareholder Sinopec about investing in a planned gas chemical plant in Russia's Far East, Sibur boss Dmitry Konov told reporters on Thursday.
Sibur plans to buy gas from fields which Russia's Gazprom will develop in Eastern Siberia.
"We are discussing (investments into the plant) with a number of possible partners, including Sinopec," Konov said.
He said a subsidiary of the Chinese firm, Sinopec Engineering Group, may also take part in constructing the plant.
In December, Sinopec paid $1.338 billion for a 10% stake in Sibur and said it planned to acquire an additional 10% within three years.
(Reporting by Olesya Astakhova; writing by Katya Golubkova and Denis Pinchuk; editing by Jason Neely)
For subscriptions or a demo:
Sam Hassaniyeh
Subscription Executive
Phone: +44 203 4092242
For questions or to give feedback:
Thad Pittman
Senior Researcher
Phone: +1 (713) 525-4605
Download our brochure today!
Project News