Azeri state-owned oil company Socar President Rovnag Abdullayev said on Tuesday the company would begin investments this year in a refinery which it is building in Turkey.
He also told journalists on the sidelines of a summit in Istanbul that the second phase of Azerbaijan's huge offshore Shah Deniz gas field was expected to provide an additional two billion cubic metres (bcm) of gas to Turkey in 2017, 4 bcm in 2018 and 6 bcm in 2019.
Honeywell will acquire Johnson Matthey's Catalyst Technologies business segment for €2.15 billion in an all-cash transaction.
Novo Nordisk recently announced changes to its executive leadership and Board of Directors.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
