29 May 2008 10:57 [Source: ICIS news]
MOSCOW (ICIS news)--?xml:namespace>
The Gazprom board has given the go-ahead for its subsidiary Gazprompererabotka to acquire the stake in Salavatnefteorgsintez from Gazfond, Gazprom's pension fund, the statement said without disclosing more details.
Gazfond will retain a 3.92% stake in the company.
Salavatnefteorgsintez produces about 8% of
In January 2008, Salavatnefteorgsintez announced its development programme for 2008-2012, which would involve raising the company's ethylene capacity from 250,000 tonnes/year to 380,000 tonnes/year, as well as building a new 120,000 tonnes/year polyethylene (PE) facility.
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