SIBUR to reduce the investment into "ZapSibNeftehim".

SIBUR, the largest petrochemical company in Russia and Eastern Europe, planned to revise the project budget of "ZapSibNefteHim" in Western Siberia by the end of H2 2016, CFO SIBUR Aleksandr Petrov stated in an interview with Bloomberg.

He added that the budget might be reduced due to changes in the exchange rate and reduction in the cost of equipment. Funding for the project was initially planned in the amount of 9.5 billion US dollars in three currencies - roubles, euros and dollars.

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