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Sibur and Sinopec advance synthetic rubber jv projects in Russia and China

10:08 AM MDT | October 31, 2012 | Natasha Alperowicz

Sibur and Sinopec International (Hong Kong), a wholly owned subsidiary of Sinopec, today announced the signing of an agreement that will see Sinopec purchase 25%, plus 1 share, of Krasnoyarsk Synthetic Rubbers Plant (KSRP; Krasnoyarsk, Russia). The agreement was signed in the presence of Sibur’s CEO, Dmitry Konov, and the president of Sinopec, Wang Tianpu. The previously announced deal is yet to be approved by Russian and Chinese regulators.    Earlier the parties signed a cooperation agreement to create a joint venture, which will...

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