OREANDA-NEWS. July 30, 2010. Salavatnefteorgsintez closes 1H2010 at RUB 2.6 bn net income, versus net loss y-o-y. Salavatnefteorgsintez closed 6M2010 with a RUB 2.6 bn net income. For reference, in 1H2009, the company incurred a net loss of RUB 2.59 bn. Salavatnefteorgsintez general director, Damir Shavaleyev reported on the company’s 1H2010 financial result to the Bashkir president, Rustem Khamitov.

Shavaleyev also informed Khamitov on the company’s investment program, progress in construction of the electrical desalting and atmospheric vacuum distillation plant with a total annual capacity of 6 mn tons, and a Toyo Engineering urea granulation plant. In addition, Khamitov and Shavaleyev touched upon Salavatnefteorgsintez’s cooperation with South Bashkir petrochemical enterprises, such as Sterlitamak Petrochemical Plant, Caoutchouc and Caustic.