Pharma Industry
Industry: Email Alert RSS FeedRussian Giants Push Into CEE Petchem Markets.(Sibur)(Lukoil)(Gazprom Russian Joint Stock Co.)(Central and Eastern Europe)
Chemical Market Reporter, November, 2000 by MILMO, SEAN
Gazprom and Lukoil seek larger stakes in Hungary as owners and suppliers. RUSSIAN PETROCHEMICAL producers Sibur, Gazprom's chemicals subsidiary, and Lukoil are set to become major influences in the petrochemical markets of Central and Eastern Europe (CEE) by gaining a key presence in the Hungarian and Ukrainian chemical sectors.
But the companies, now two of the biggest Russian producers of petrochemicals, are poised to move into the CEE's petrochemicals market only after an apparent change in tactics by Gazprom. Instead of trying to force its way into the Hungarian sector, Gazprom has opted for conciliation with that country's three main petrochemical producers: BorsodChem, TVK and MOL. Later this month, Sibur (Siberian-Ural Petrochemical...
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