Stories for February 25th 2008
“Uruguay oil round” scheduled for next November
Next November Uruguay will extend a formal invitation to all those oil companies interested in considering the hydrocarbons potential of the country, based on a battery of data collected during the last few years, according to top officials from the country's government owned petroleum and fuels monopoly Ancap.
Argentine economy breaks production and job records
Argentine president Cristina Fernandez de Kirchner administration might have mid term energy problems incubating but the latest data indicates that the Argentine economy keeps steaming ahead with increased employment and record industrial production. Trade surplus in January was also unexpectedly high.
Brazil headed for annual record crop of 139.3 million tons
Brazil is expected to harvest 139.3 million tons of grains and oil seeds in the 2007/08 season, up 5.4% over the previous crop helped by limited diseases and the use of gene-modified seeds to grow stronger plants, said Agroconsult a Brazilian agriculture consultant company.
In 100 days paper air tickets to the museum, says IATA
The International Air Transport Association (IATA) announced last week that an important countdown to 100% e-ticketing had begun. “In 100 days the paper ticket gets put in a museum. On June 1, 2008 we will achieve 100% electronic ticketing,” said Giovanni Bisignani, IATA's Director General and CEO.
Falklands' oil drilling prospects boosted by Desire Petroleum
Falkland Islands hydrocarbons exploration development and the potential to hire a rig for a minimum six-well drilling program advanced considerably on Monday when Desire Petroleum announced that it had accepted the terms of an offer to farm in to three of the company's eighteen exploration prospects in the North Falkland basin.
Inflation in Argentina “around 20%” says ex minister Lavagna
Argentina's former economy minister Roberto Lavagna claimed that inflation is “round 20%” departing from the government line that puts the index of rising prices at 8.5% for 2007.
Argentina promotes bird-watching as form of tourism
An estimated 500 ornithologists from Argentina are to meet in San Martín de los Andes, Neuquén, next March 5 to seek ways of promoting bird-watching as a form of tourism.
Argentina is scheduled to host a world birdwatchers conference in September.
Greenspan comes out in support of Sovereign Funds
Former Federal Reserve Chairman Alan Greenspan said on Monday any United States resistance to sovereign wealth funds investing in the world's largest economy would be “counter-productive.”
Brazil and Argentina committed to building a nuclear submarine
Brazil says that it will start working jointly with Argentina in the construction of a nuclear submarine, the first in Latin America, to be built using French technology, according to reports in the Buenos Aires press.
Spain leads as EU main attraction for foreign tourists
The number of nights spent in hotels by tourists in 2007 was highest in Spain followed by France, Germany and the United Kingdom according to the latest European statistics. The former Eastern Europe countries however registered the highest growth rate.
