In 2015 the revenue of Kazanorgsintez and Nizhnekamskneftekhim increases by 26% and 13%.
Edited by Rhod Mackenzie / 2016-01-27 07:58:05
Finance Oil and Gas Refining Russia Petrochemicals PolymerUpdate Financial results Russia Oil and Gas Production and Refining
In 2015 Nizhnekamskneftekhim and Kazanorgsintez, included into "Tatneftekhiminvest Holding", had increased revenues under RAS by 26% and 13%, respectively, compared to the previous year, the general director of the holding Rafinat Yarullin reported at a meeting of the Board of Directors.
At the same time, Nizhnekamskneftekhim increased production by 3.1%. The company has received 150.6 billion roubles of proceeds at 18% return on sales. Last year the company produced 647 thousand tons of rubber (a 5% increase due to isoprene and butadiene rubbers), 718 thousand tons of plastics including 200 thousand tons of polyethylene (a 1.8% decrease).