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Gazprom Neft plans to invest EUR70 mln in petrochemicals in cooperation with Sibur

March 23/2012

(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.

Author:Anna Larionova
Category:General News
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