::Plasticos Argentina:: :: Tendencias del Plástico ::

Monday, January 29, 2007

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PETROCHEMICAL & PLASTICS

Monday, January 29, 2007 DMCC ADDS PLASTICS TO COMMODITIES PORTFOLIO - The Dubai Multi Commodities Centre (DMCC) announced today that it plans to expand its existing commodity portfolio with plastics the next commodity to be included on its list. (AME INFO) full story

Monday, January 29, 2007 IRAQ IN TALKS WITH CHEVRON, EXXON FOR $3B PETROCHEMICAL PLANT - Iraq is in negotiations with Chevron Corp. and Exxon Mobil Corp. to build a new $3 billion (€2.31 billion) petrochemical facility, and is in talks with several other Western companies over industrial projects. (ASSOCIATED PRESS) full story

Monday, January 29, 2007 PANIPAT PETROCHEM HUB TO ATTRACT 400 FIRMS, RS 13,000 CR - The policy on petroleum, chemicals and petrochemical investment regions is still in the making but the Haryana government has already approved acquisition of 5,000 acres of land for such a region in Panipat. (BUSINESS STANDARD) full story

Monday, January 29, 2007 INEOS POLYOLEFINS ANNOUNCE €150 MILLION INVESTMENT IN EUROPEAN ASSETS - INEOS Polyolefins announced its intention to invest in excess of €150 million in its European assets over the next three years, focussed on growing and upgrading its polyolefins capacities. "In making these investments, we greatly strengthen our market positions in products where we have a long term competitive advantage and clearly demonstrate INEOS´ determination to build a very robust business around the high quality people and assets acquired as part of the Innovene acquisition of late 2005" says Bill Reid, CEO of INEOS Polyolefins. (OMNEXUS) full story

PETROLEUM & GAS

Monday, January 29, 2007 OIL FALLS NEAR $55; REFINER SWITCH TO GASOLINE MAY CURB DEMAND - Oil fell because some analysts expect demand for crude to drop as refineries prepare to make gasoline instead of heating oil when winter ends in the Northern Hemisphere. (BLOOMBERG) full story

Monday, January 29, 2007 U.K. NATURAL GAS FALLS ON FORECASTS FOR WARMER TEMPERATURES - U.K. natural-gas prices for delivery in February declined on forecasts of warmer-than-normal weather and ample supplies in Europe´s biggest market for the fuel. (BLOOMBERG) full story

ECONOMY

Monday, January 29, 2007 BRAZIL ECONOMISTS RAISE 2007 BENCHMARK LENDING RATE FORECAST - Brazilian economists increased their forecast for the benchmark lending rate for the first time since March. (BLOOMBERG) full story