Taif Group (Russia) to close petrochemical and oil processing projects

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Home » News » Taif Group (Russia) to close petrochemical and oil processing projects

28.08.2006	Taif Group (Russia) to close petrochemical and oil processing projects

'Taif' Group, the owner of several major enterprises of Tatarstan (Russia), announced its plans to sell out the assets. In 2007-2008, the group will sell its telecommunication and building enterprises, in 2012-2014 - petrochemical enterprises. It is worth noting that 'Taif' is not closing its business. The generated funds will be reinvested in hi-tech projects in the Republic. Then, in 2012-2014, the group will get rid of its assets in petrochemical and oil processing projects.

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