Friday, June 26, 2026
Liquefied Natural Gas Plant, Australia

Russia Eyes Petrochemicals as Answer to Crude Oil Reliance

From Reuters On a sprawling construction site in Western Siberia, about 20,000 workers are busy building what will be one of the world’s five biggest petrochemical plants, part of a play by Russia to capture more of the value from the oil it produces. Russian energy companies, led by privately owned Sibur, have been increasingly shifting their focus to petrochemicals