Sibur, Sinopec ink shareholder deal on Amur gas complex JV - Oil & Gas - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Sibur, Sinopec ink shareholder deal on Amur gas complex JV

MOSCOW, Jun 29 (PRIME) -- Russian petrochemical holding Sibur and ChinaТs Sinopec have signed a shareholder agreement to create a joint venture for the Amur gas chemical complex project and are working to get regulatory approvals, according to SiburТs documents seen by PRIME on Monday.

УIn June 2020, Sibur and Sinopec signed a shareholder agreement on the Amur gas chemical complex and are working on receiving regulatory permissions,Ф the document said.

Sibur said in May that Sinopec already received all necessary corporate approvals for the creation of the joint venture with Sibur. Sibur said earlier that Sinopec is expected to have a 40% stake in the joint venture.

Sibur preliminarily estimates investments in the creation of the Amur gas chemical complex at U.S. $10.7 billion.

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29.06.2020 13:41
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