London (Platts)--31Jan2011/640 am EST/1140 GMT
Russian petrochemicals group Sibur said Monday its gas processing unit Nyagangazpererabotka will be merged into its joint venture with Russian oil major TNK-BP. Nyagangazpererabotka will become part of Yugragazpererabotka, which is 51% owned by Sibur and 49% owned by TNK-BP, Sibur said. Nyagangazpererabotka has the capacity to process up to 2.1 billion cu m/year of associated petroleum gas. In 2010, it processed around 1.3 Bcm of APG. "Once Nyagangazpererabotka has become part of the joint venture, APG deliveries from TNK-BP fields will grow from 0.9 Bcm in 2010 to over 1.3 Bcm by 2013. Therefore, the entity's total APG throughput will exceed 1.7 Bcm in 2013," Sibur said. Formed in 2007, Yugragazpererabotka owns the Nizhnevartovskiy and Belozerniy gas processing plants, and the related pipeline infrastructure. Over the 2007-09 period, Yugragazpererabotka produced more than 21.5 Bcm of dry lean gas and 7.2 million mt of natural gas liquids, used as feedstock in the petrochemical industry. "Associated petroleum gas production and quality processing volumes are on the rise, pushing up deliveries of this valuable petrochemical input stock to the Russian facilities. This cooperation format, which we recommend to all other domestic oil majors, may boost efficiency of associated gas processing on a national scale," said Dmitry Konov, Sibur chief executive.--Monicca Egoy, monicca_egoy@platts.comSimilar stories appear in Europe & Americas Petrochemical Scan. See more information at http://bit.ly/EuropeAmericasPetrochemicalScan