SIBUR is seeking to become a world-class petrochemical company, highly competitive in the global market for petrochemical products. This strategic objective has three priorities:

• To create and acquire large-scale facilities which are globally competitive
• To fully satisfy the growing demand in the domestic market
• To create additional value through the deeper processing of raw materials

According to the Company’s existing procedures, investment proposals pass through several stages of review by the directorates, the Investment Committee and the Capital Projects Division and are then approved by the company’s management and the Board of Directors. In certain cases external expertise is called upon.

Depending on the type of investment project, financing is carried out either on the terms of commercial lending and project financing, or through the company’s own resources. In the implementation of investment projects, SIBUR seeks to create mutually beneficial partnerships.

The total investment program in 2011 is expected 58.6 billion rubles (exl.VAT, M&A activity and capital contributions).