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China-Brazil oil and chemicals pact a model for deals

CHINA’S $10bn deal with Brazil to lock up significant oil supplies from its energy firm and join in exploration, refining and petrochemical ventures, heralds a new age of cooperation between the two countries. Under a 10-year deal, China Development Bank is giving a $10bn credit line to Brazilian energy giant Petrobras in return for the […]

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Caution reigns at APIC in Korea

ASIA HAS roared back with a strong rebound in petrochemical and plastics prices. High hopes are being pinned on the region, and especially China, to lead the global economic recovery. But as pointed out by James McIlvenny, senior vice president of Dow Chemical’s performance products division, China, which represents 2-3% of global GDP, is not in and […]

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