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St. Petersburg International Economic Forum 2016

Sibur’s strategy implies operations both at $80 and $20 per barrel oil price - CEO

Sibur Holding is a gas processing and petrochemical company

ST. PETERSBURG, June 18. /TASS/. The strategy of the Russian Sibur Group implies scenarios of development at any oil price, its Chief Executive Officer Dmitry Konov told TASS on the sidelines of the St. Petersburg International Economic Forum (SPIEF-2016).

According to Konov, the company tries not to focus on one single development scenario. "We have to work and continue investment in the projects we consider effective both at $20 per barrel, and at $50, and $80. That’s why we work out all those scenarios," he said.

Sibur Holding is a gas processing and petrochemical company. The group is selling fuel and raw materials on the domestic and international markets and channels them to its petrochemical business for further production of base polymers, synthetic rubber, plastics, organic synthesis products and other petrochemicals.

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