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.
The world's largest chemicals company, BASF, has reported a dent in earnings from its oil and gas business. But its chemicals segment has more than compensated for it, seeing the German firm growing in the first quarter.
© 2016 Deutsche Welle |
Legal notice |
| Mobile version