Gulf Oil and Gas accountACCOUNT

SIBUR & SG-trans Set up a JV for Petrochemicals Transportation

Source: www.gulfoilandgas.com 10/31/2018, Location: Asia

SIBUR, Russia’s largest integrated petrochemicals company, and SG-trans, one of the country's major railway operators, have set up Petrochemicals Transportation Company (NKhTK), a liquefied petroleum gas (LPG) transportation joint venture.

As part of the deal totalling RUB 9,4 bn, SIBUR sold its LPG tank car fleet to NKhTK via a leasing company. The JV was set up with a parity ownership split between SIBUR and SG-trans.

While reserving part of NKhTK’s transportation capacity for SIBUR’s own needs, the deal also provides for the JV to offer freight transportation services to third parties.

“Joint ownership of Petrochemicals Transportation Company will serve as a springboard to our long-term partnership with SIBUR, drawing on the joint operational control experience derived from this project. It comes as a natural extension to the companies' existing relationship, where SG-trans provides rolling stock for SIBUR's LPG transportation, and does not imply any rail car fleet redistribution in the market,” said Sergey Kaletin, President of SG-trans.

“The new partnership is in line with our strategic focus on the petrochemical business development and production of synthetic materials enjoying demand in the FMCG, automotive, construction, energy, and other industries,” said Oleg Makarov, Executive Director at SIBUR.

Mergers and Acquisitions News in Russia >>

Canada >>  3/4/2021 - ARM Energy Holdings, LLC (“ARM”), a premier producer services firm providing innovative solutions across the energy value chain, today announced that ...
United Arab Emirates >>  3/4/2021 - Provider of marine charting solutions, voyage optimization and fleet analytics to be integrated into i4 Insight platform.

LR has acquired t...


Australia >>  3/3/2021 - HIGHLIGHTS:
• Unlocking unrecognized value for shareholders through proposed demerger and separate ASX listing of Armour’s Northern Basin Oil & ...

Canada >>  3/3/2021 - TC Energy Corporation, and TC PipeLines, LP announced that they have completed the previously announced merger (the Merger) pursuant to an Agreement a...

Netherlands/Holland >>  3/3/2021 - On the 3rd of March, 2021, Royal IHC and Royal Doeksen reached an agreement on the acquisition of all shares in Vuyk Engineering Rotterdam.

...

United Kingdom >>  3/3/2021 - - Further enables shift to a global leader in high-value solutions
Continue to expect $0.52 to $0.57 of adjusted EPS accretion from PA for fisca...


Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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.