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  1. SIBUR and TAIF merger closed

    ... cash flows, feedstock availability, and investment resources for capacity upgrades and expansion.” Relevant tasks Investments in hydrocarbon refining and processing, as well as petrochemicals and energy, will be a key focus for SIBUR post merger. Albert Shigabutdinov, a co-founder of TAIF Group: “Building on the development programme that SIBUR is already implementing in Western Siberia and the Far East, the combined company will be able to achieve its declared goals. We are all in for a lot ...

  2. SIBUR and TAIF are merging

    ... investment over the next 10 years, improve productivity at our facilities, and expand our product mix. By 2030, we expect tax payments, including those to Tatarstan’s consolidated budget, to increase significantly – to up to RUB 50 billion per year,” Albert Shigabutdinov, Chairman of TAIF’s Board of Directors said. During the signing ceremony for the SIBUR and TAIF agreement, Russian Deputy Prime Minister Alexander Novak said that investments in the Russian petrochemical sector in the coming decades ...