April 10 (Bloomberg) -- BASF SE is preparing a bid for Cognis GmbH that may value the closely held chemical maker at about 3 billion euros ($4 billion), according to two people with knowledge of the situation. SEE MORE April 9 (Bloomberg) -- European naphtha exports to Asia will rise in April after slowing in March as maintenance of petrochemical plants on the continent cut demand for the feedstock and lowered prices. SEE MORE The Export Development Bank of Iran (EDBI) and the National Petrochemical Company (NPC) have struck a deal, which would see the latter receiving EUR 300 million (USD 401 million)`s worth of investment. SEE MORE LAHORE: Shortage of Di-Ammonium Phosphate is expected at around 500,000 tons in the upcoming sowing season for rice, cotton and other summer crops, said an official of the National Fertiliser Development Corporation on Thursday. After the deregulation of DAP trade, private sector is solely responsible for its import, the official said adding that government is monitoring the situation and it is expected that availability of DAP would be streamlined in Kharif - the summer crops season. SEE MORE April 9 (Bloomberg) -- Morocco will open a special zone for the phosphate industry and hopes to attract 50 billion dirhams ($6 billion) of investments, said Abdeltif Loudyi, the secretary-general of Morocco’s Finance Ministry. SEE MORE