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BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

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Through the swap, BASF aims to further expand its production of oil and gas via its wholly owned subsidiary Wintershall —Germany’s largest internationally active crude oil and natural gas producer—and to exit the gas trading and storage business. billion barrel of oil equivalent.

Gas 218
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EEA finds only mixed progress for Europe’s transport sector in meeting environment, climate goals; GHG emissions up 25% since 1990

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Evolution of greenhouse gas (GHG) emissions in the EU-28 from 1990 to 2016. Oil consumption by the transport sector will need to fall by more than two-thirds to meet the objective of reducing consumption by 70% by 2050 compared with 2008 levels. Three Member States (Austria, Finland and Sweden) have already reached the 10 % goal.