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South America

ARTICLES

Columbia's Reficar sources 2,800 instruments for refinery expansion project

Endress+Hauser, named the Main Instrument Vendor (MIV) by Refineria de Cartagena (Reficar) in Cartagena, Colombia, supplied more than 2,800 flow and level measurement devices to support a $3.8 billion refinery expansion and modernization project.
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Norway's Yara acquires majority stake in Brazilian phosphate miner

Norwegian fertilizer producer Yara International ASA has agreed to acquire a 60 percent stake in Brazilian company Galvani Indústria, Comércio e Serviços S/A, expanding its interests in South America.


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US pharma major Abbott to pay $2.9 billion for Chile's CFR

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

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

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

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

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

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

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

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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