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Sibur Signs Loan Agreement for  Tobolsk Complex

7:03 AM MDT | July 15, 2010 | Natasha Alperowicz

Russia's state owned Bank for the Development and Foreign Economic Affairs (Vnesheconombank; Moscow), Sibur Holding and Sibur's subsidiary Tobolsk-Polymer, have signed credit agreements totalling $1.441 billion to cover the construction of a previously announced propane dehydrogenation and polypropylene (PP) production complex at Tobolsk, Russia. The major part of the loan, totalling $1.22 billion will have a duration of 13.5 years and will be guaranteed by European export credit guarantee agencies of the countries where Sibur is acquiring equipment for the new...

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