OREANDA-NEWS. SIBUR has approved the 2007 business plan stipulating an increase in petrochemicals output by 3.8% to 14 659 kta from 14 121 kta in 2006.

Residue gas production is projected to grow by 4% from its 2006 level of 12 076 thousand m3 to 12 565 thousand m3.

SIBUR capex would reach 16.9 billion roubles in 2007 (2006 capex – 11.9 billion roubles).

Specifically, the company would invest in the modernization and expansion of Yuzhno-Balyksky GPP, further modernization of Nizhnevartovsky GPP and central gas fractionation unit (CGFU) at Tobolsk-Neftekhim JSC.

Besides, investment plans include arrangement work for the new construction projects at Tobolsk, and Nizhny Novgorod and Tomsk regions.