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SIBUR summarizes the results of visit to Saudi Arabia and Iran

May 21/2010

MOSCOW (SIBUR) -- SIBUR summarized the results of the working visit of the Company's representatives to the Kingdom of Saudi Arabia and to the Islamic Republic of Iran made for acquaintance with existing petrochemical operations and those under construction.


In Saudi Arabia, SIBUR's managers visited the world's largest individual ethylene, polyethylene, ethylene oxide and ethylene glycol capacities. Location of the sites makes allowance for potential increase in capacity, and displays maximum attention to environmental and industrial safety issues. New complexes may use not only ethane but also heavier cuts as raw materials, thus increasing the production capabilities.


Following the results of the analysis, the visitors noted that the rapid development of the petrochemical industry of the two countries was a good example of organization of rational use of existing natural resources and a direct result of the state support in supply of cheap raw materials, creation of a favorable legal regime, and due attention to infrastructural problems.

SIBUR summarizes the results of visit to Saudi Arabia and Iran

MRC Reference

Sibur Holding is the largest Russian petrochemical group.


 Gazprombank (70% minus 1 share);
 Gazfond (25% plus 1 share);
 5% reserved for option program.


The share in the Russian market in 2008:

 polyethylene - 11.1%;

 polypropylene - 16% (including PP-random - 11.2%);
 ABS - 5.2%;
 PVC - 8.1%.

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