Gulf Oil and Gas accountACCOUNT

SIBUR & IES Holding Agree on Long-Term Cooperation

Source: www.gulfoilandgas.com 2/5/2013, Location: Asia

SIBUR's CEO Dmitry Konov and President of Integrated Energy Systems Boris Vainzikher signed a Strategic Memorandum to boost energy efficiency of SIBUR's petrochemicals production.

The Memorandum outlines a comprehensive action plan aimed at more efficient power supplies to SIBUR's production facilities from IES Holding's power plants located near Perm, Nizhny Novgorod, Samara, and in other Russian regions.

In February, the companies plan to sign a long-term contract that will see IES's TGC-6 deliver heat to RusVinyl, a joint venture PVC plant of SIBUR and SolVin under construction. As tentatively agreed by the parties, TGC-6's Novogorkovskaya CHPP is to provide RusVinyl with an annual 500,000 Gcal of steam and hot water and 1.5 mt of desalinated water over the next ten years.

"The predictability of energy costs and reliability of suppliers in the long run is of extreme importance to SIBUR that we believe is set to benefit from contracts of this kind," said Dmitry Konov.

The deal marks one of Russia's first ever arm's length long-term agreements on heat power deliveries to industrial consumers in line with the Federal Law On Heat Supplies," said Boris Vainzikher.

The parties also formed a project team to look into the efficiency of power supplies to related operations.

For more information about related Opportunities and Key Players visit Caspian Region Projects

Oil & Gas Companies News in Russia >>

Singapore >>  2/22/2021 - Pavilion Energy Trading & Supply Pte. Ltd.(Pavilion Energy) and Chevron U.S.A. Inc (Singapore Branch) (Chevron) have signed a six-year LNG sale and pu...
China >>  2/8/2021 - Honeywell today announced that Shandong Yulong Petrochemical Co., Ltd. (“Shandong Yulong”) will use advanced reforming and aromatics technologies from...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.