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Sistema May Move Ufaorgsintez to Chemicals Venture, IFX Reports

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Nov. 3 (Bloomberg) -- AFK Sistema may shift the OAO Ufaorgsintez petrochemicals plant from its OAO Bashneft oil business to a planned chemicals venture, Interfax said, citing Yury Pustovgarov, a Bashneft board member.

While Bashneft is studying setting up a chemicals venture, it hasn’t yet made a decision, Interfax reported, citing an unidentified company press-service official.

To contact the reporter on this story: Stephen Bierman in Moscow sbierman1@bloomberg.net.

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net.

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