SIBUR has joined the United Nations Global Compact – the organisation’s most prominent global business initiative for corporate social responsibility and sustainable development.

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.