SWISS CHEMICAL EXPORTS
UP 7.9 PERCENT IN VALUE IN '96GENEVA - The value of Swiss chemical exports rose 7.9 percent in value terms in 1996 to $18.2 billion and imports increased by 4.1 percent to $9.4 billion, the Swiss Chemical Industry Association said.
In volume terms, chemical exports rose by 7 percent to 1.46 million metric tons.
The industry group said export sales to western Europe rose by 7.2 percent to $11.8 billion, but shipments to eastern Europe posted an impressive 22.8 percent increase to around $700 million.
Swiss chemical exports to the United States last year increased by 21.9 percent to $1.6 billion. Moreover, exports to Latin America increased by 14.6 percent to around $1 billion, it said. Exports to Asia posted, however, a below average expansion of 3.8 percent, but rose by 5.8 percent to $980 million to Japan.
'GREEN' GROUP THREATENS
TO BLOCK WASTE TRANSFERS
SEOUL - South Korean activists said Wednesday they would forcibly block the planned transfers of nuclear waste from Taiwan to North Korea.
''If Taiwan and North Korea refuse to abandon the contract, we have no choice but to forcibly block the North Korean ships from shipping the nuclear waste,'' Jang Won, leader of the environmental organization Green Korea, told reporters.
He said their plans would require a special vessel such as the Rainbow Warrior used by militant environmental group Greenpeace.
SUIT CLAIMS MARATHON
CHEYENNE, Wyo. - A lawsuit claiming Marathon Oil Co. has deliberately undervalued royalty payments in Wyoming for more than 10 years was filed in federal court.
G.J. Guthrie Nicholson III and Nancy Spear filed the action on behalf of the Nicholson Family LP of Wyoming on Feb. 7.
OPEC CRUDE PRICE
MAY TOP TARGET
HOUSTON - OPEC Secretary General Rilwanu Lukman said an energy forum in Houston this week that higher crude oil prices could prompt the cartel to raise its target price from the current $21 a barrel.
The average price of OPEC's basket of crude oil rose to $23.23 a barrel in January from $18.06 a barrel in January 1996, prompting Mr. Lukman to question whether the increase was temporary or marked a new ''threshold'' for oil prices.