Oleg Kozhemyako, Governor of the Amur Region, and Pavel Lyakhovich, Member of the SIBUR Management Board and Managing Director, have signed a cooperation agreement between the Government of the Amur Region and the petrochemical holding.
Based on completion of the FEED contracts and assessment of the design documentation, SIBUR proceeds with the ZapSibNeftekhim project. With the project moving on to the next stage, SIBUR's Board of Directors has approved increased funding for the project in 2014, with overall capex budget for 2014 increasing from RUB 53 bn to RUB 74 bn.
SIBUR has received notification that Yauza 12 has acquired 17% in SIBUR Holding, previously beneficially owned by entities under control of Gennady Timchenko. Yauza 12 is wholly owned by Kirill Shamalov, Deputy Chairman of the Management Board of SIBUR.