Sibur, Gazpromneft form Siberia gas processing JV
16 August 2007 13:44 [Source: ICIS news]
MOSCOW (ICIS news)--Russia's Sibur Holding and Gazpromneft have formed a joint venture to process associated gas from the latter's Yuzhno-Priobsky deposit in Siberia, the companies said in a joint statement on Thursday.
The venture, Yuzhno-Priobsky Gas Processing Plant, aims at building new facilities to process 1bn cubic metres (bcm) a year of associated gas, the statement said, without disclosing more details.
Sibur and Gazpromneft, the oil subsidiary of gas giant Gazprom, would consider expanding joint gas processing capacities by 3 bcm/year eventually, the statement added.
In 2006 and earlier this year, petrochemical major Sibur agreed with oil companies TNK-BP and Rosneft on joint ventures to process associated gas in Siberia.
Sibur plans to raise its associated gas processing capacities up to 22bcm/year by 2011 in order to increase feedstock supplies to its petrochemical plants, according to the company.
By: Sergei Blagov
+44 20 8652 3214
< previous article(VIDEO – ICIS news Americas Lunchtime Bulletin 30 Oct 2009)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
Links posted in this story:
|
|
Related Articles
- 25 Jan 08 17:31 Serbia firms up details of Gazprom Neft's NIS stake
- 24 Jan 08 10:20 Russia's Sibur eyes higher output, investments
- 18 Dec 07 11:05 Russia pledges to sustain Europe's energy security
- 11 Dec 07 09:00 Sibur-Neftekhim eyes C2, MEG output hikes in 2008
- 30 Nov 07 08:57 Sibur plans $5.5bn investment on new facilities
- 27 Nov 07 15:31 Dow could build in Germany with Russia gas
- 27 Nov 07 10:21 Gazprom, Sibur, Dow sign gas processing deal
- 07 Nov 07 17:29 Gazprom plans major petchem expansion
- 15 Oct 07 15:36 Russia's Sibur weighs acquisitions, going public
- 04 Sep 07 09:28 Sibur meets green activists over PVC plant fears
- 13 Aug 07 10:33 Tomskneftekhim blast halts PE production
- 16 Aug 07 16:26 Russia ramps up seven-month petchem output
- 03 Jul 07 17:36 Sibur to consolidate in Europe - CEO
- 15 May 07 16:26 Russia's Sibur mounts pressure on Kazanorgsintez
- 18 Apr 07 09:41 Sibur, Lukoil and Selena eye $840m investment
- 04 Jun 07 11:11 Sibur signs gas supply deal with Kazanorgsintez
- 20 Jun 07 17:15 MOL responds to reports of INA sale to Russians
- 23 Apr 07 10:50 Omsk refinery to raise paraxylene capacity
- 02 Mar 07 10:28 Gazpromneft interested in Serbia NIS privatisation
Latest News
- 26 Nov 09 08:14 China base oil imports down in October on buying slowdown
- 26 Nov 09 07:14 China October caustic soda exports up 71% from September
- 26 Nov 09 06:32 Asia petchems will see some relief in 2010 as economies recover
- 26 Nov 09 05:30 In Thursday's Europe papers
- 26 Nov 09 05:00 In Thursday's Middle East papers
Barbara Ortner looks at the off-beat and unusual side of chemical industry life.
ICIS Chemicals Confidential