Braskem fully commissions Mexican petrochemicals complex

Braskem Idesa SAPI, a 75-25 joint venture of Braskem SA, Sao Paulo, and Groupo Idesa SA de CV, Mexico City, has fully commissioned its long-planned Etileno XXI petrochemical complex in the Coatzacoalcos-Nanchital region of the Mexican state of Veracruz. Source: News


BHI: US rig count down 3, ending 3 straight weeks of gains

Upward movement in the US rig count halted for the week ended June 27, declining 3 units to 421 rigs working, indicates the latest data from Baker Hughes Inc. The overall count was weighed down by a 7-unit drop in oil-directed rigs. Source: News


Kenya to buy Essar stake in KPRL

The Kenyan government will purchase the 50% stake in Kenya Petroleum Refineries Ltd. (KPRL) held by Essar Energy Overseas Ltd. Although an agreement on transfer of shares has been reached, a purchase price was not disclosed. Source: News