SIBUR and Tatneft signed a letter of intent with respect to Togliatti-based petrochemical facilities. Under the deal, SIBUR plans to sell and Tatneft plans to acquire certain production and other assets that are currently registered in the name of SIBUR Togliatti and Togliattisintez legal entities.
Standard & Poor’s has assigned SIBUR its long-term issuer credit ‘BBB-’ rating. The outlook is stable.
SIBUR’s Blagoveshchensk site has held a ceremony to celebrate the completed reconstruction of the terephthalic acid production facility, the only one currently in Russia.