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26.02.2014 Gazprom, BASF to close asset swap deal in mid-2014

Gazprom and BASF are expected to close a deal to swap assets with Wintershall, which is 100% controlled by BASF, in the middle of this year. Thus the finalization has been postponed from last year.

24.12.2013 Gazprom Swaps Assets with BASF

On December 23 in Moscow, BASF and Gazprom signed the final agreement to swap assets of equivalent value, BASF’s press service said.

20.12.2013 BASF and Renmatix Agree on a Joint Development for the Production of Industrial Sugars from Biomass

BASF, Ludwigshafen, Germany, and American technology provider Renmatix Inc. of Philadelphia, Pennsylvania, will jointly scale up the Renmatix Plantrose process for the production of industrial sugars based on lignocellulosic biomass.

03.12.2013 BASF and the Petroleum Institute Сooperate on Gas Treatment Research

BASF and the Petroleum Institute (PI) of Abu Dhabi intend to develop new processes for removing aggressive sulfur compounds from acid gases in a research collaboration. The two parties signed the agreement these days.

25.11.2013 Wintershall Halts Onshore Oil Production in Libya

German oil and gas company Wintershall, part of the BASF group, has been forced to halt oil production in Libya as exports remain disrupted by protestors seizing shipping ports, Reuters reported on November 24.

08.11.2013 Gazprom, Wintershall Discuss Asset Swap

The European Commission has received applications for the approval of a deal to swap assets between Gazrprom and Wintershall Holding GmbH, a subsidiary of BASF.

16.09.2013 SIBUR and BASF Sign Long-Term Cooperation Agreement for Supply of Additives Used in Polymer Production

SIBUR, a gas processing and petrochemicals company, and the German chemicals giant BASF signed a Long-Term Cooperation Memorandum to supply additives used for polymer production and processing at SIBUR’s production facilities.

15.11.2012 BASF, Gazprom to Swap Assets

Gazprom and BASF have signed a basic agreement to swap assets of equivalent value. The transaction is to be completed by the end of 2013.
As a result, BASF will expand its production of oil and gas to exit the gas trading and storage business.