London, 11 September 2014. SIBUR was named Downstream Company of the Year in the annual Petroleum Economist Awards (United Kingdom).
In evaluating entries, judges looked for evidence of the implementation of a clear business strategy, that the company’s identified business goals were met, the company’s innovative approach to tackling business challenges and evidence of a commitment to employee development.
The judges were impressed by SIBUR’s clear business strategy, its focus on core domestic business opportunities, the strategic planning evident in its long-term deals and its generally positive results in a difficult business environment. The Group stands out amongst its peers for its sound corporate strategy, high operating standards and clear evidence of innovation in its business operations. The judges were impressed by SIBUR’s investments in the expansion of its gas fractionation capacities, as well as in new facilities such as its transportation infrastructure to secure reliable long-term access to attractively priced hydrocarbon feedstock.
Petroleum Economist is a UK-based monthly magazine that provides macro-economic and geopolitical analysis of the energy industry.
Petroleum Economist Awards are held annually and attract nominations from across the entire energy industry. This year a number of major global companies were honoured, including Baker Hughes, Total, Repsol, EY, HSBC and Anadarko.
The Downstream Company of the Year category was open to all refining, gas processing and petrochemical companies. While many were nominated, only two, Repsol and Sibur, made the shortlist.
The judges for this year’s Petroleum Economist Awards were Abdalla ElBadri, secretary general of Opec; Lord Cullen of Whitekirk, a leading British jurist and chairman of the Piper Alpha Inquiry; Lord of Browne of Madingley, former chief executive of BP; and Torstein Indrebø, general secretary of the International Gas Union.
SIBUR is a uniquely positioned vertically integrated gas processing and petrochemicals company. SIBUR owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, and is a leader in the Russian petrochemicals industry.
As of 31 March 2014, SIBUR operated 27 production sites located all over Russia, had over 1,400 large customers engaged in the energy, chemical, fast moving consumer goods (FMCG), automotive, construction and other industries in approximately 70 countries worldwide and employed over 27,000 personnel
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