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Venezuela (68)


Colombia's Ecopetrol to divest polyolefins business
State-controlled oil and gas company Ecopetrol (Bogotá) says that its board has approved plans to divest all of its shares in wholly owned polyolefins subsidiary Polipropileno del Caribe (Propilco). Proceeds from the planned divestment, part of a wider...

Outlook Latin America: Economy deteriorates
Latin America’s economy is contracting quickly, particularly its largest market, Brazil. Brazil’s economy is expected to continue deteriorating into 2016, with business and consumer confidence hitting new lows, according to IHS Economics &...

Ecolab deconsolidates Venezuela operations
Ecolab says it has deconsolidated its Venezuelan operations for accounting purposes, starting in the fourth quarter of 2015. The action will be reflected on Ecolab’s 2015 balance sheet. The company has experienced problems with currency controls in...

Air Liquide to enter Colombia's industrial gases market, builds facility
Air Liquide will build and operate a facility consisting of a carbon dioxide (CO2) production unit and a cogeneration unit in Colombia in the context of a contract with Coca-Cola Femsa (Mexico City), a bottler of Coca-Cola products. This investment of about...

OPEC: Oil price likely to rise to $70/bbl by 2020
In its latest annual World Oil Outlook (WOO) published on Wednesday, OPEC assumes the price of oil rising to $70/bbl in 2020 and $95/bbl in 2040, expressed in 2014 prices. These translate to a nominal price of $80/bbl in 2020, almost $123/bbl by 2030, and...

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