SIBUR regains its assets

13.11.2002 08:45

As of today, all assets of the Siberian Ural Oil and Gas Petrochemical Company (SIBUR) have been returned to the company, SIBUR's president Dmitry Mazepin reported at a press conference today. According to him, this week all documents on returning shares of the Yaroslavl Tire Plant and shares of the Tomsk Petrochemical Plant will be signed. SIBUR was working on regaining the latter jointly with the Gazprom gas holding.

Mazepin also pointed out that current debts of SIBUR and its affiliates amounted to RUR49bn (about $1.54bn), including RUR27bn (about $848.64m) to Gazprom. SIBUR's debt to banks is $350m.

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