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NK Rosneft' OAO sells 49 pct of Yugragazpererabotka to Sibur-Interfax


Friday, 7 Mar 2014 03:07am EST 

NK Rosneft' OAO:Rosneft has completed a deal to sell 49 percent of Yugragazpererabotka, which owns and operates three gas processing plants (GPPs), Nizhnevartovsk, Belozerny and Nyagangazpererabotka, to petrochemicals company Sibur, the companies each said in a press release-Interfax.The companies signed a set of documents for supplies of associated petroleum gas (APG) from Rosneft's fields to the three GPPS, as well as a contract for sales of dry gas from Nizhnevartovsky and Belozerny GPPs to Rosneft starting in April.Igor Sechin, Rosneft's President and Chairman of the Management Board, and Leonid Mikhelson, Chairman of Sibur Holding's Board of Directors, signed the agreements, Sibur said in its press release.The new agreements enter into force on April 1 and are valid until the year 2032 inclusive.Sibur is thus consolidating 100 percent stake in Yugragazpererabotka. 

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