Russia, Sibur-Minudobreniya

Sibur has become the largest seller in the chemicals and oil chemicals industry in 2011

Sibur has become the largest company- seller in the chemicals and oil chemicals industry in 2011 that sold the assests for $1.997 bln, according to AK&M.
The chemicals and oil chemicals industry has become the leader by the volume of deals in 2011 in the Russia’s M&A market where 29 deals for $11.940 bln were signed. Read more »

SIBUR Limited has become the direct owner of 100% in SIBUR Holding

The Cypriot SIBUR Limited has become the direct owner of 100% in SIBUR Holding CJSC. Earlier, SIBUR Limited of controlled 100% in SIBUR Holding, owning 50% directly, and another 50% via its 100% branch Miracle CJSC, controlled by the chief of Novatek, L. Mikhelson. Later Miracle and SIBUR Holding merged, and the stocks belonging to Miracle were paid off. It means that the changes are connected with simplification of the authorized capital. Today the structure of SIBUR’s authorized capital is as follows: Mr. Mikhelson holds 57.5% in SIBUR Limited, Mr. Timchenko holds 37.5%, and the management including the chief of Gazprom Neft A. Dyukov holds 5%. Read more »

Sechin to make Gazprom open the GTS for independent gas producers

Independent gas producers supplying  to chemical plants can get priority access to Gazprom's GTS. Such decision can be made at the session headed by the Vice Premier Sechin. The governmental order will be executed by the Ministry of Energy, the Ministry of Industry and Trade, FTS and FAS. It should be executed by Q3 2011. These services give no comments upon the issue. The Ministry of Energy, the Ministry of Industry and Trade, FTS and FAS should elaborate the offers upon discounts for gas bought by fertilizer producers from Gazprom. Read more »

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