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Joint Venture of Gazprom neft' OAO and SIBUR Holding OAO May Buy 50% in Polypropylene Plant-PRIME


Tuesday, 15 Oct 2013 05:29am EDT 

PRIME reported that a joint venture (JV) between Russian oil company Gazprom neft' OAO and petrochemical company SIBUR Holding OAO (Sibur) may acquire a 50% stake in Omsky Polypropylene Plant (Poliom) within the coming month for over RUB 1 billion, Gazprom neft' OAO CEO Mr. Alexander Dyukov told reporters. In August, the Federal Anti-monopoly Service cleared St. Petersburg-based Sibgazpolimer, owned by Sibur and Gazprom Neft Finance on a parity basis, to buy 50% in Poliom. Gazprom Neft Finance is an affiliate of Gazprom neft' OAO. 

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