On June 5 2019, China Petroleum & Chemical Corporation (SINOPEC) and SIBUR Holding (SIBUR) signed a framework agreement for Amur Gas Chemical Complex (Amur GCC) in Moscow.
The agreement was signed in the presence of Chinese President Xi Jinping and Russian President Vladimir Putin by SINOPEC Chairman Dai Houliang and Chairman of the Management Board at SIBUR Dmitry Konov. Under the agreement, SINOPEC will have a 40% stake in Amur GCC.
On the same day, Dai and Konov also signed an industry cooperation agreement and ZapSibNeftekhim product distribution agreement on behalf of the two companies in Moscow. The parties expressed strong wishes and commitment to strengthen strategic partnerships in China, Russia and other countries, while working together on the export of polyethylene produced by ZapSibNeftekhim to China.
Read the article online at: https://www.hydrocarbonengineering.com/special-reports/12062019/sinopec-and-sibur-sign-framework-agreement-for-amur-gas-chemical-complex/