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SIBUR may start operations in India

June 22/2010

(SIBUR) SIBUR President Dmitriy Konov took part in  a panel discussion about business-dialogue between Russia and India.


 
Estimating the potential and possible cooperation ways with India in petrochemical sphere, Dmitriy Konov told about two important factors. From one side, Indian market is one of the most promising ones in infrastructure development, which is stimulating the demand for petrochemical goods and sharp increase of able-bodied population. From the other side, supplies of petrochemicals from Russian plants into India are complicated by natural obstacles: geographic remoteness, necessity of long nautical transportations.

 

Thats why, according to SIBURs President, the only possibility to enter Indian market is to produce special goods right in India. There are all the conditions for it: closeness of hydrocarbon resources in Middle East, good engineering personnel in India and the biggest petrochemical complex in the world in Jamnagar, which could be the site for petrochemical goods production


 
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SIBUR may start operations in India

MRC Reference

Sibur Holding is the largest Russian petrochemical group.

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


 

 

 

 

 

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