Russian republic to sell stake

Blagov, Sergei; Gibson, Jane
November 2006
ICIS Chemical Business;11/27/2006, Vol. 1 Issue 45, p4
Trade Publication
This article reveals the plan of Russia's internal republic of Bashkortostan to sell a stake in Salavatnefteorgsintez, its major petrochemical producer, via an auction to be held on December 22, 2006. The stake will be offered at an initial price of 19.5 billion roubles. Salavatnefteorgsintez produced 530,000 tonnes of ammonia and 680,000 tonnes of urea last year. It also produces 11% of Russia's total ethylene output, and roughly a quarter of the country's polystyrene.


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