Sibur borrows from the Middle East.
Edited by Rhod Mackenzie / 2015-12-09 06:04:08
Finance Oil and Gas Refining Russia Petrochemicals PolymerUpdate Sibur Shares Production and Refining
The company has attracted part of the credits for "Zapsibneftehim".
SIBUR was able to ensure the financing of its largest project "Zapsibneftehim" worth $ 9.5 billion by more than half. The company raised $ 210 million from the Russian Direct Investment Fund and Arab investment funds and looks forward to additional loans worth about $ 1 billion. In view of the already received $ 1.75 billion from the National Welfare Fund and $ 1.7 billion from European banks the company closes its credit needs for this project. SIBUR plans to invest another $ 4.5 billion from its own resources.
