(plastemart) -- In 2012, Gazprom Neft plans to invest up
to RUB3 bln (EUR70 mln) in developing its petrochemical business, in cooperation
with Sibur.
The deal will allow Sibur and Gazprom Neft to expand its
business in the profitable segment of the market. The two companies have already
launched a joint project for polypropylene production at a Moscow refinery.
Neft and Sibur are currently working on the next project, which will
involve production of polypropylene at a plant in Omsk which is owned by the
Titan Group. |