SIBUR Reports H1 2013 IFRS Results

September 16, 2013

SIBUR Holding, today published its operational and financial results for the three and six months ended 30 June 2013 in accordance with International Financial Reporting Standards (IFRS).

Operational Results

In the first half of 2013, SIBUR’s gas processing plants (GPPs), including GPPs operated by OOO Yugragazpererabotka, processed 9.6 billion cubic metres of associated petroleum gas (APG)((1) an increase of 5.4% year-on-year. As a result, production of natural gas(2) rose 4.2% year-on-year to 8.3 billion cubic metres(1). Raw natural gas liquids (raw NGL)(1) increased by 14.6% year-on-year to 2.6 million tonnes.

In the first half of 2013, SIBUR increased sales volumes in majority of its energy products primarily due to higher hydrocarbon feedstock processing. Our natural gas sales volumes increased by 18.4% year-on-year to 6.2 billion cubic metres. External sales of natural gas liquids (NGLs), including liquefied petroleum gases (LPG), naphtha and raw NGL, rose 17.1% year-on-year to 2.3 million tonnes. Sales volumes of petrochemical products totaled 1.1 million tonnes, a decrease of 7.8% year-on-year.

Source: SIBUR, 2013.