In Q2 of 015, sales of Ufaorgzintez grew by 6%
Edited by Rhod Mackenzie / 2015-09-07 07:38:16
Oil and Gas Refining Russia Petrochemicals PolymerUpdate Russia Oil and Gas Bashneft Production and Refining
In the second quarter of 2015, Ufaorgsintez, a petrochemical asset of Bashneft, made the most of the proceeds from sales of polyolefins on the domestic market, the company reports.
In the reporting period, the deliveries were carried out mainly to the domestic market. On the whole, 77% of revenue were received from sales from Russia, whereas in the comparable period in 2014 - 71%.
The reports notes that throughout the period a stable demand for the product line of Ufaorgsintez was remained, due to the growth of exchange rates import brands lost competitiveness.
