Stories for February 10th 2009
Brazil's Petrobras may explore Uruguay oil
Brazil's PETROBRAS oil company was the first company to acquire the bid sheet for hydrocarbon exploration contracts in areas of the Uruguayan continental platform.
Colombia and S. Korea expand into Peruvian oil industry
Colombian state oil company Ecopetrol and its South Korean counterpart, Korea National Oil Corporation, have acquired Peruvian private oil firm Petro-Tech Peruana S.A. for 900 million US dollars.
China's January car sales overtake US, leading world market
China car sales topped the US for the first time last January totalling 735,500, a 14% drop, the China Association of Automobile Manufacturers said on Tuesday in an e-mailed statement today. That compares with a 37% plunge to 656,693 in the US, the world's largest auto market last year.
Falklands Desire's green impact plan slightly delayed
Oil and gas exploration company Desire Petroleum Plc with licences to operate in the Falkland Islands said that the environmental impact assessment on two tranches in its southern licences in the North Falkland Basin was slightly behind schedule due to a delay in a sampling analysis results.
Bolivia and Gazprom sign long term gas development deal
Bolivia and Russia signed a long term agreement on investment and cooperation in the area of gas and petroleum research which is estimated could reach 3 billion US dollars, it was announced in La Paz.
Brazil electricity demand to increase 50% in ten years
Brazil needs to increase its electricity generation capacity by 50% over the next 10 years said Energy Minister Edson Lobao, who described the task as an “enormous challenge”.
Now Congress two houses must match Obama stimulus plan
The US Senate has passed an economic stimulus plan expected to cost some 838 billion US dollars. The Democratic-controlled Senate voted 61-37 to approve the measure, with few Republicans opting to back it.
UK bank bosses told Parliament they are “profoundly sorry”
Former bosses at bailed-out banks Royal Bank of Scotland (RBS) and HBOS have said they are “profoundly sorry” and admitted they under-estimated the extent of the financial crisis.
Presidential hopefuls' inflation in Uruguay's ruling coalition
The Uruguayan ruling coalition Broad Front made the official launching Monday of the third presidential hopeful for June primaries: Marcos Carambula who is mayor of the second most important electoral circumscription after Montevideo.
South Brazil admits dengue epidemics but fears yellow fever
South Brazil authorities fear that the yellow fever outbreak reported along the Paraguayan and Argentine border could spread to the state of Rio Grande do Sul and are taking special precautions.
