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Russia’s Rosneft finalizes acquisition of Sanors

by ChemOrbis Editorial Team - content@chemorbis.com
  • 16/03/2015 (11:06)
According to a statement on the company’s website, Russia’s Rosneft has finalized its acquisition of petrochemical company SANORS. Initial talks on the acquisition were started in May 2014 and the estimated value of the acquisition was reported at $1 billion.

Through this transaction, Rosneft reportedly aims to enhance its ability to meet growing domestic demand for key polymers and other chemical products. It was reported in a statement that the integration of SANORS and Rosneft will have a stimulating effect on the economy of the Novokuibyshevsk and Samara regions.

SANORS Holding Limited was comprised of three petrochemical companies located in Novokuibyshevsk in Russia’s Samara region: Samaraorgsintez, which produces phenol and acetone, Petrochemistry, which produces synthetic ethanol, and Novokuibyshevsk, which produces butylphenol para-tertiary (PTBF).
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