Source Pravda.Ru

Sybur And Lukoil Joint Venture

Sybur is currently returning one of its major assets,Lokosovskij GPK that earlier belonged to Sybur-Tyumen.

The Head of Sybur Dmitrij Mazepin and the President of Likoil Vagit Alekperov decided to create a joint venture on the basis of Lokosovskij GPK.

During the next month discussions on the details will be completed. But right now it is known that it will be 50/50 new company. The preliminary discussions are being brought to the end.

Sybur’s contribution to authorized capital will be the plant as a real estate, and Lukoil will pay out costs of the further plant’s reconstruction.

Sybur insists on $50mln contribution while Lukoil is ready to pay only $35mln.

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Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases