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Global Processing e-News

Canadian pipeline operators to assume liability for oil spill damage under new rules

June 5, 2014
Canada is toughening its rules concerning pipeline safety and response to spill damages, transferring the responsibility for oil spills to pipeline companies and making them liable for all costs associated with accidents.
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Iranian petrochemical traders stick to CFR deals to avoid payment troubles

June 5, 2014
Iranian traders of petrochemical products are seeking to avert potential payment troubles in Asia by pricing their deals on a cost and freight basis instead of using the freight on board method.
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Water contamination causes deadly diarrhea outbreak in South Africa

June 5, 2014
Water contamination in the North West province of South Africa has led to a diarrhea outbreak that killed three infants and sent dozens more to hospital.
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US pharma major Abbott to pay $2.9 billion for Chile's CFR

June 3, 2014
U.S. pharmaceuticals and healthcare products major Abbott Laboratories has agreed to acquire Chile-based pharmaceutical firm CFR Pharmaceuticals SA in a deal worth $2.9 billion.
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China to combat illegal wastewater discharges

June 2, 2014
Premier Li Keqiang said in a State Council meeting on energy saving and emission reduction that China aims to tackle the problem and hopes to deal a serious blow to polluters.
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Russia cuts US frozen poultry imports by 34% in Q1

June 2, 2014
Russia cut the volume of frozen poultry it imports from the United States by 34% to 47,200 metric tons in the first three months of 2014, partly due to Moscow's measures to limit its dependence on external markets by boosting its own poultry production.
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Canada, US improve oil & gas industry logistics

June 2, 2014
Even though Canadian pipeline operators are experiencing difficulties in having major projects approved by U.S. authorities, the links between Alberta's oil fields and refineries south of the border are getting better.
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Indian drug maker faces court action over alleged patent infringement

June 2, 2014
Indian pharmaceutical research company Aurobindo Pharma is facing legal action from three large international competitors that have accused the company of patent infringement.
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Exxon focuses on LNG sales on Asian spot market

May 28, 2014
Exxon Mobil Corp. has been involved in negotiations with customers in Asia regarding sales of liquefied natural gas on the spot market.
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Gazprom signs 30-year gas delivery contract with China

May 27, 2014
Russia and China have signed a historic 30-year gas delivery deal that is estimated to be worth more than $400 billion.
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