Russia (246)

RUSSIA

New Company President Plans to Revitalize Rosneft
Rosneft (Moscow), Russia’s oil and gas major with petrochemical ambitions, has appointed Igor Sechin as the new president of the company. The appointment was endorsed by Russia’s Prime Minister Dmitry Medvedev. Rosneft is majority state owned...

Russia’s Acron Group Makes Offer to Buy Polish Chemicals Producer Tarnów
Acron Group (Velikii Novgorod, Russia), through its Norica Holding subsidiary, has announced a tender offer to buy a stake of up to 66% in Zakłady Azotowe w Tarnowie-Mościcach (Tarnow, Poland). Acron’s offer price of Zl36/share is a premium of 18.3%...

LG Chem in Talks with EPC Contractors for $4 billion Kazakhstan Venture
LG Chem and its partner Kazakhstan Petrochemical Industries (KPI: Astana) are evaluating bids from several international consortia to build their previously announced equally owned joint venture complex at Atyrau, Kazakhstan, Peter Bahnsuk Kim, vice chairman...

Sibur Reports Increased Sales and Net Profits for 2011
Sibur (Moscow) says sales for full-year 2011 increased 31.9%, to approximately 249 billion roubles ($8.5 billion). Net profits and Ebit also increased 54.2% and 51.4% in 2011, to approximately 63 billion...

Nizhnekamsk Signs Contracts with Lummus and Linde for Petchems Projects in Russia
  Nizhnekamskneftekhim (Nizhnekamsk, Russia), one of the largest petchems producers in Russia, has selected the Lummus ethylene and Linde alpha olefins processes for a major petchems project in Russia. The company said on Saturday that it had signed a...

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