Russia’s largest petrochemical holdings, SIBUR and Tatarstan’s TAIF, decided to merge their assets. TAIF’s existing shareholders will receive a 15% stake in exchange for the transfer of a controlling stake in the group.
TAIF started production of finished lubes in 2020 and plans to increase volumes in 2021.
TAIF Lubricants produces light grades of PAO (poly-alpha-olefins) that can be purchased through Legion Oil & Gas LLC and delivered worldwide. At the moment the producer has PAO-2, PAO-4, PAO-6 and PAO-12. Taif can also produce PAO-8 and PAO-10 upon request and plans to start production of PAO-20 and PAO-25 in 2021.
Upon completion of all investment projects, the merged company will become one of the five global leaders in the production of polyolefins and rubbers. TAIF consists of 28 enterprises operating in many areas, including oil and gas refining, chemistry and petrochemistry, power engineering, and investment activities. According to Albert Shigabutdinov, Chairman of TAIF’s Board of Directors, the merge will help improving productivity at facilities, expand the product mix and develop the nation’s petrochemical industry.
SIBUR is Russia’s largest integrated oil and gas chemical company and one of the fastest growing global oil and gas companies with more than 23,000 employees. SIBUR’s revenues in 2020 were $7.2 billion. Over the past 10 years SIBUR has implemented a number of large-scale investment projects worth around RUB 1 trillion.
TAIF JSC is the parent company of the largest non-public Group of the Russian Federation. TAIF JSC was established in August 1995. At the end of 2020, the TAIF Group’s share in the total output of the Russian Federation amounted to 64% in rubbers and 28% in plastics. The total number of the Group’s employees is 36 thousand people.
Legion Oil & Gas LLC is an independent trading company that specializes on Group I, light grades of Group II and Group III base oils such as VHVI-4, VHVI-6 and VHVI-8. For your inquiry please contact us via website form or to email info@legionoilandgas.com
