SIBUR forecasts a decrease in 2009


A shadow appears to be looming over the petrochemicals outlook in Moscow, where leading Russian petrochemical company SIBUR has scaled down its forecast slightly for the year ahead.

A productive 2008 saw SIBUR increase production by 7% to 14,791 thousand tonnes of petrochemical products, compared to 13,883 tonnes in 2007. Production of dry stripped gas increased 17% to reach 13,306 million cu m in 2008, up from 11,416 million cu m in 2007.

However, the company has revealed that it is taking a slightly revised and realistic approach to its expectations for 2009.

SIBUR retains leading positions in the petrochemical domestic market in terms of basic product types, while the highest growth of 23% was recorded in the mineral fertiliser production segment. A 13% decrease in rubber production was attributed to a drop in demand in export markets, primarily from China.

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