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South America

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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Chevron signs renewed agreement for shale development in Argentina

April 14, 2014
U.S. energy giant Chevron Corporation has announced plans to invest more than $1.6 billion to develop shale reserves in Argentina.
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Chilean mines may be required to use desalinated water

January 14, 2014
Chilean members of parliament are proposing a bill that would require mining companies to use desalinated water in mining processes, in a bid to reduce fresh water consumption while meeting the industry's growing water needs.
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Colombia's petrochemical sector sees poor output performance in 2013

January 6, 2014
Colombian market conditions are expected to improve in 2014, leading to growth in industrial production and better performance of petrochemicals-consuming sectors.
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Colombia's Ecopetrol to invest $10.6 billion in 2014

December 30, 2013
The investment will be used to add more crude oil reserves to the company's portfolio and to fund the drilling of 20 new exploratory wells, most of which will be located onshore.
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Brazil to increase plastics production in 2014

December 19, 2013
The Brazilian plastics market is expected to become more favorable and profitable to local plastics producers.
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Brazilian petrochemical companies urge for measures to revive sector

December 2, 2013
Brazil's petrochemical industry leaders are calling on the government to provide businesses with an incentive package that will promote investment and is asking for a lower natural gas price, so that it can have an access to cheaper domestic feedstock.
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Brazil ramps up fertilizer production amid growing agricultural demand

November 22, 2013
In a bid to reduce dependency on imported products, Brazil is set to invest billions of dollars in projects that will increase its domestic output of fertilizers.
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Chevron facing $9.5 billion penalty for oil contamination in Amazon

November 18, 2013
The penalty that Chevron Corporation will have to pay in the case concerning oil contamination in the Amazon has been cut by half by Ecuador's highest court, which upheld the verdict but reduced the fine to $9.5 billion.
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Brazil's Odebrecht to explore petrochemical investment in West Virginia

November 15, 2013
The "Ascent -- Appalachian Shale Cracker Enterprise" complex would include an ethane cracker, three polyethylene plants and associated infrastructure for water treatment and energy co-generation.
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