SIBUR is a 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. The Group has two operating and reportable segments: (1) feedstock and energy and (2) petrochemicals. The Groupís feedstock and energy segment comprises (i) gathering and processing of associated petroleum gas (APG) that the Group purchases from major Russian oil companies, (ii) transportation, fractionation and other processing of natural gas liquids (NGLs) that the Group produces internally or purchases from major Russian oil and gas companies, and (iii) 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.
The Group sells these 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, the Group 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.
The Group benefits from owning and operating Russiaís largest and most extensive integrated infrastructure for processing and transportation of APG and NGLs, located primarily in Western Siberia, which is the largest oil and gas producing region in Russia and where the Group sources most of its feedstock. This infrastructure includes seven out of the nine existing gas processing plants (GPPs) in Western Siberia, five compressor stations, and three gas fractionation units (GFUs). As of 31 December 2013, SIBUR had APG processing capacity of 23.1 billion cubic metres per annum[i] and raw NGL fractionation capacity of 5.2 million tonnes per annum.
[i] Including 100% of processing capacity / production of GPPs controlled by Yugragazpererabotka (previously the Groupís joint venture with Rosneft) which SIBUR fully consolidates from 6 March 2014 after acquiring 49% stake in Yugragazpererabotka from Rosneft