Thursday, November 15, 2007

ExxonMobil to focus chemical investments in Middle East, Asia

Lower production costs and expanding economies have supported a decision by ExxonMobil Corp to focus its chemical investments in the Middle East and Asia. The developing economies of these regions are expanding over three times faster than the United States. As per an estimate by IMF, Asia's developing economies, excluding Japan, are expected to grow at 9.8% this year.

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