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BASF/Wintershall and Gazprom have already been cooperating successfully for a quarter of a century: The two companies laid the foundations for their cooperation in autumn 1990 with a long-term agreement to market Russian natural gas in Germany. Just recently they decided to extend their cooperation at the source and to expand the joint natural gas production in Siberia. Additionally,

BASF/Wintershall and Gazprom have already been cooperating successfully for a quarter of a century: The two companies laid the foundations for their cooperation in autumn 1990 with a long-term agreement to market Russian natural gas in Germany. Just recently they decided to extend their cooperation at the source and to expand the joint natural gas production in Siberia. Additionally,

n a weaker than expected market environment, BASF sales in the third quarter of 2015 were €17.4 billion, 5% below the level of the previous third quarter. EBITDA increased by €358 million to €2.9 billion, mainly due to higher depreciation. In contrast, income from operations (EBIT) before special items declined by €171 million to €1.6 billion. In the Chemicals segment, EBIT before special items rose slightly, while it increased sharply in the Functional Materials & Solutions segment. In the remaining segments, earnings declined significantly

BASF has sold its global photoinitiator business to IGM Resins B.V., Netherlands, a global producer and supplier of radiation-curable material. High performance photoinitiators dedicated to specific needs of electronics customers are not part of the divestment, as the electronics industry is one of BASF's strategic focus areas.