Petrochemicals

Sibur to allocate over 11 bln rubles for dividends for H1

Shareholders of Sibur have decided to pay dividends on results of the first six months of 2018 in the amount of 5.06 rubles per ordinary share.

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SOCAR plans to export two thirds of carbamide from its new plant to Turkey

SOCAR (state oil company of Azerbaijan) is preparing to launch a complex of carbamide and ammonia production. Most of the products are planned to be exported, Interfax reports.

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Ufaorgsintez may resume production of polyolefins in mid-October

Ufaorgsintez, a petrochemical asset of Bashneft, has stopped the second stage of production of high-pressure polyethylene for scheduled repairs.

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Construction of polyethylene enterprise in Sumgayit is 98% completed

SOCAR Polymer (Azerbaijan) has almost completed construction and installation works on the production of low-pressure polyethylene, the Interfax reports.

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In January-August, output of low-pressure polyethylene in Russia grew by 1%

In January-August 2018, production of low-pressure polyethylene in Russia amounted to 652.5 thousand tons.

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BRICS bank to allocate loan for $300 mln to Sibur for ZapSibNeftekhim

The new development bank of BRICS has approved a loan to Sibut to the amount of $300 million. This is stated in the press release of the credit institution.

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New Stream thinks about naphtha processing at Antipinky refinery

The founder of the refining group New Stream Dmitry Mazurov has announced plans to create a petrochemical enterprise at the Antipinsky oil refinery, investing $3-4 billion.

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Kazanorgsintez doubles production of cast polycarbonate grades in 2018

Kazanorgsintez (KOS, part of TAIF GROUP) increased production of polycarbonates (PC) by 17% in January-July of this year.

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Phosagro invests 3.2 billion rubles into upgrade of Balakovo branch

PhosAgro launched into commercial operation an ammonia pipeline from the existing main pipeline Togliatti-Odessa to the Balakovo branch of JSC Apatit.

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SIBUR's Tobolsk site produces 2-millionth ton of polypropylene

The polymer production of SIBUR's Tobolsk industrial site produced a 2-millionth ton of polypropylene. SIBUR reported this on September 14, 2018.

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