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SIBUR (OAO SIBUR Holding) is a Russian uniquely positioned gas processing and petrochemicals company with a business model focused on the integrated operation of its two core segments. SIBUR owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, according to IHS CERA and is a leader in the Russian petrochemicals industry.
SIBUR has two operating and reportable segments:
- feedstock and energy
- petrochemicals
The Group’s feedstock and energy segment comprises:
- gathering and processing of associated petroleum gas (APG) that SIBUR purchases from major Russian oil companies,
- transportation, fractionation and other processing of natural gas liquids (NGLs) that SIBUR produces internally or purchases from major Russian oil and gas companies, and
- marketing and sales of energy products, such as natural gas, liquefied petroleum gases (LPG), naphtha, raw NGL, methyl tertiary butyl ether (MTBE) and other fuels and fuel additives.
SIBUR sells energy products on the Russian and international markets and uses some of them as feedstock for its petrochemicals segment, which processes them into various petrochemicals, including:
- basic polymers,
- synthetic rubbers,
- plastics and products of organic synthesis, as well as
- intermediates and other chemicals.
As of 31 December 2013, SIBUR operated 26 production sites, had over 1,500 large customers operating in the energy, automotive, construction, fast moving consumer goods (FMCG), chemical and other industries in approximately 60 countries and employed over 26,000 personnel.
SIBUR is managed along product-division lines: it incorporates Hydrocarbon Feedstock Division, Basic Polymers Division, Plastics and Organic Synthesis Products Division, Synthetic Rubbers Division.
Over recent years, the Group has consistently delivered robust financial and operational results.
In December 2010, Gazprombank decided in favour of a phased sale of SIBUR to a private shareholder, Leonid Mikhelson. By the autumn of 2011, 100% of SIBUR came to be owned by the company SIBUR Limited, which is since 2013 82.5% owned by Leonid Mikhelson and Gennady Timchenko. The owners of the remaining 17.5% include SIBUR's former and current top management.