Sinopec to enter Sibue’s capital as strategic investor
During the state visit of the Russian President Vladimir Putin to China Sibur, the largest Russia gas processing and petrochemical group, and China Petrochemical Corporation (Sinopec Group), one of the largest petrochemical corporations in the world, concluded an investment agreement on joining of Sinopec the Sibur’s capital as a strategic investor.
The achievement of these agreements is a significant step of the companies to strengthen their strategic cooperation. The sides expressed confidence that the deal, completion of which is a subject of the necessary corporate approvals and the negotiation of regulators, will further enhance the companies’ leading position on markets and deepening the partnership between the two countries.