MOL’s petrochemical division’s annual operating profit achieved a historical peak in 2007, with the EBIT increasing by 74% to Ft 40.6 billion
Unipetrol is likely to unveil its mid-term strategic plan by early April, detailing plans for acquisitions as the company looks to raise its debt levels which are seen as too low.
A process of integration of KazMunaiGaz and Rompetrol has started after Rompetrol transferred 75% of stocks to KazMunaiGaz
ZA Kedzierzyn (ZAK) plans to invest around zl. 600 million on modernisation and development of production by 2010
Nizhnekamskneftekhim has started the production of merchant polybutadiene from its new lithium catalyst system
Nizhnekamskneftekhim plans to increase ethylene production around 11-13% in 2008, to reach around 570,000-580,000 tons
Imports of polymers increased sharply from China into Russia in 2007, fuelled mainly by demand for PET and PVC
In December 2007, Uhde Inventa-Fischer was awarded a third major contract by Kuibyshevazot to construct a further polyamide 6 plant
Discussions are being carried out between Tatarstan and Gazprom over the partial transfer of shares in Kazanorgsintez by the middle of 2008
The Volgograd region has reached agreement with LUKoil-Neftekhim over the supply of polyethylene and polypropylene to the new chemical park on the site of Kaustik
Benzene supply continues to represent a problem for non-integrated consumers in Russia, particularly for producers of caprolactam and cumene.
Around 30 small-scale projects are to be developed in the Nizhnekamsk Industrial Zone in the period 2008-2012, on the basis of products supplied by Nizhnekamskneftekhim
The Republic of Tatarstan is drafting laws on tax preferences for residents of the Khimgrad industrial park which is being built at Kazan
Togliattiazot has achieved the fastest rate of growth amongst Russian methanol producers over the past eight years
Azot at Severodonetsk achieved a record volume of adipic acid production in 2007, with most of the product being exported to the EU, East Asia and Russia
Azerkhimya will be restructured into a joint-stock company this year in a move to attract investments from foreign companies
