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TNK-BP and Sibur Holding have established a joint venture to process associated ...

TNK-BP and Sibur Holding have established a joint venture to process associated gas produced by TNK-BP and other oil and gas producers in the Nizhnevartovsk region of Russia. Sibur will own 51% of the new venture, with TNK-BP holding the remaining 49%. Sibur will transfer to the joint venture control of two gas processing plants - Belozerny and Nizhnevartovsk - and the facilities for transportation of associated gas to them. TNK-BP will provide long-term associated gas supply to the plants, which will also be fed by associated gas from other regional producers. TNK-BP will take 100% of the dry lean gas produced, while Sibur will receive 100% of the liquid products.
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