Nov 27, 2007

Gazprom and Dow Chemical to establish Joint Venture

Meeting Tuesday at Gazprom's Headquarters in Moscow, Alexey Miller, Chairman of the Gazprom Management Committee, Dmitry Konov, President of Sibur Holding, Andrew Liveris, President, Chief Executive Officer and Chairman of the Dow Chemical Co. have signed a Memorandum of Intentions in the area of high-value added hydrocarbon processing.

The document stipulates examination of prospects to set up a joint venture based on new petrochemical production facilities of the Dow Chemical Co. in Germany, joint natural gas processing in the Valanginian deposits of the Yamal-Nenets Autonomous Okrug as well as examination of cooperation opportunities in other sectors. Read the full story update here.

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