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Rosneft agrees to increase feedstock supplies to Sibur's processing plants

8:28 AM MST | February 21, 2014 | Natasha Alperowicz

Rosneft (Moscow) has agreed to increase guaranteed supplies of associated petroleum gas (APG) from its oil fields to Sibur’s Yugragazpererabotka's processing facilities to 10 billion cubic meters/year for a period through 2032, the companies announced today. The new agreement was signed by Igor Sechin, president of Rosneft; and Dmitry Konov, CEO of Sibur. The new deal increases the guaranteed supplies of APG from 6.6 billion cu meters/year agreed until 2017 and 9.3 billion cu meters/year after 2017. The APG price will be formula-based and indexed...

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