BRAZIL

Reliance, Petrobras Mull Petchem JVs in Brazil (Update)
Reliance Industries is in talks with Brazilian oil company Petrobras to set up two petrochemical joint ventures in Brazil, which could involve a total investment of up to $6 billion, according to Brazilian press reports. Reliance is considering petchem...

Reliance, Petrobras Mull Petchem JVs in Brazil
Reliance Industries is in talks with Brazilian oil company Petrobras for setting up two petrochemical joint ventures in Brazil...

Braskem’s Earnings Rise on Favorable Currency Exchange Rates
Braskem (São Paulo) reported second-quarter net income up 36%, to R383 million ($244 million), compared with the year-ago period. Braskem attributes the increase primarily to positive impact from foreign exchange rates...

Ultra Buys Texaco Brand in Brazil
Oxiteno parent company Grupo Ultra (Sáo Paulo) has agreed to purchase the Texaco brand fuels marketing business in Brazil from...

Peru and Brazil Jointly Study Petchem Complex
Braskem says it has signed an agreement with Brazil’s state-owned oil firm Petrobras and Peru’s state-owned oil firm PetroPeru to study a petrochemical...

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