Argentine daily newspaper El Cronista on Monday reported that YPF will begin oil exploration in the Malvinas basin in February. The newspaper reports that exploration will begin 289 kilometres off the coast of Tierra del Fuego and cost U$ 150 million.
Future cooperative agreements among the countries of the Pacific Ring could reduce electricity costs in Chile’s far north by up to 25 percent. Chile’s energy costs are currently the highest in the region.
Three of every ten Argentines fall below the poverty line, 30.9% of the population, Ecolatina consultants said and they warned that “if prices continue to increase, it will be difficult for poor people’s income to beat inflation.”
Chilean President Sebastian Pinera was reportedly forced to make an emergency landing on route to his holiday home in southern Chile on Sunday, due to technical problems, Chilean radio reported.However, the president soon thereafter denied the report.
British Airways and Iberia have registered their merger, forming a holding company International Airlines Group SA.
Thousands of Venezuelans took to the streets on Sunday, allies and adversaries alike, marking the 53rd anniversary of Venezuela’s democracy. Opposition supporters met in one part of Caracas, chanting anti-government slogans and waving Venezuelan flags and calling Chavez a despot and claiming he is amassing power and cracking down on dissent.
Argentina exported 430,894 tonnes of seafood for USD 1,205.3 million in 2010, according to statistics from the National Food Health and Quality Service (Senasa).
Uruguayan President Jose Mujica has banned his ministers, officials and general staff from using social networking sites such as Facebook, MSN, Twitter and Skype during work hours. The president said that workers spend too much time using internet and are distracted.
Bolivian President Evo Morales has reinstated 17 of his cabinet members and changed three in a cabinet shakeup the state news agency ABI reported. Over the weekend all twenty ministers had tendered their resignations to President Evo Morales, as he began his sixth year in office. The cabinet changes come as Morales popularity drops according to opinion polls.
Work at the hydro-electric complex Yacyreta will finalise at the end of next month, when the dam reaches 83 metres above sea level, as stipulated in its original design, executive director of the Bi-national Entity Yacyreta (EBY) Oscar Thomas informed