BASF profits were firmly up last year, driven by oil and gas revenues. But the company is still implementing a fresh round of cost cutting.
German chemicals company BASF and Russian energy giant Gazprom have completed an asset swap. This comes as the two agree to expand a controversial pipeline that some fear Russia could use for foreign-policy leverage.
Germany's chemicals giant BASF and Russian energy company Gazprom have agreed to call off an important asset swap that the two firms had planned for the end of the year. The reason for the move was not immediately given.
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