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Oil & Gas

Global petrochemical market to grow by 6.7% through 2018

December 30, 2013
China is anticipated to retain its position as a world leader though 2018, as demand for petrochemicals will continue to grow faster than in other parts of the world.
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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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Middle East to dominate new natural gas-processing capacity through 2017

December 30, 2013
The Middle East is set to outpace Europe and Africa in adding new capacity provided that Iran's industry is not stifled by international sanctions.
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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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Mexico may allow private companies to extract oil

December 10, 2013
The proposal to amend Mexico's constitution and allow private investors access to the country's oilfields comes from members of the two largest political parties.
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Ineos to import US ethane for Grangemouth facility

December 10, 2013
The Grangemouth chemical plant in Scotland may go from huge losses to instant profitability thanks to the saving plan drawn up by Swiss-based international operator Ineos Group Ltd.
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UK oil industry reports highest amount of oil spilled in decade

December 5, 2013
Last year 246 oil spills were reported in the UK, with the total amount of oil released in these spills reaching 86 tons.
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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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US refiners to ramp up diesel exports to Europe

November 26, 2013
The recent boom in oil and gas production in the United States has caused a significant rise in production, prompting U.S. companies to look to international markets.
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Sinopec pipeline blast kills at least 35 in eastern China

November 25, 2013
An eastern Chinese pipeline operated by Sinopec Corp exploded Friday, killing at least 35 people and injuring 166 more.
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