Russia petrochemical holding Sibur renames European trading arm

12 September 2011 16:12  [Source: ICIS news]

MOSCOW (ICIS)--Russian petrochemical holding Sibur has renamed its Austria-based, European trading arm to Sibur International from CITCO Waren-Handelsgesellschaft, it said on Monday.

The name change was made “to facilitate further integration into the Sibur system,” the company said in a statement.

Sibur International will continue acting as Sibur's exports division, supplying the company's products to Europe and Asia. It will continue to honour all contractual obligations, it said.

Sibur acquired a 100% interest in CITCO, a liquefied petroleum gas (LPG) trading company, in 2009 in order to expand its European operations.

By: Sergei Blagov
+44 20 8652 3214

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