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Rosneft agrees to form jv for world-scale petchem project in Samara, Russia

7:17 AM MDT | June 21, 2013 | Ian Young

Rosneft (Moscow) and SamaraNefteOrgSintez (Sanors; Novokuibyshevsk, Russia) have signed a heads of agreement, under which the companies intend to create a joint venture that will incorporate Rosneft's gas-processing assets and Sanors's petrochemical assets in Russia's Samara and Orenburg regions. One of the jv's main objectives will be to build a world-scale petrochemical complex in the Samara region, Rosneft says. The complex "will be focused on import substitution and meeting growing domestic demand for key polymers and other chemicals able to meet market...

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