Argentina’s Foreign Affairs minister Héctor Timerman cautioned that the dispute with Uruguay over the Botnia/UPM pulp mill and its environmental impact can’t be seen as “a football match where one side wins and the other looses”, but rather as a situation where “the peoples of both countries benefit”.
Towards the end of the year Argentina’s YPF in association with Pan American Energy and Petrobras will begin exploring for oil in the Malvinas basin, following the contract for an oil rig which has been signed, according to oil industry sources in Buenos Aires.
Uruguay will reply next week Argentina’s proposal for the joint monitoring of the River Uruguay, said Uruguayan Foreign Affairs minister Luis Almagro after holding a three hours meeting with his visiting counterpart Hector Timerman.
Argentina will inaugurate Wednesday a key new pipeline bringing natural gas from Tierra del Fuego Province to the neighboring province of Santa Cruz. The Strait of Magellan pipeline will initially transfer 5 million cubic meters a day of gas from Cabo Espiritu Santo in Tierra del Fuego Province to Cabo Virgenes in Santa Cruz.
Timerman’s portfolio to be strengthened by his special ties to Kirchners. Timerman brings rare gifts of strength of character and intellectual preeminence to his new job.
Brazilian President Lula da Silva said on Tuesday he expects the four Mercosur countries Argentina, Brazil, Paraguay and Uruguay to meet in the semi-finals of the World Cup in South Africa.
Brazil is willing to help Argentina and Uruguay with the joint monitoring of the River Uruguay which is at the heart of a pulp mill standing dispute between both countries. Argentina and Uruguay Foreign Affairs ministers are scheduled to meet Tuesday in Montevideo to address the issue.
US ratings agency Moody's said that Argentina's debt-swap is unlikely to improve the liquidity profile for corporate issuers even when the highest-rated companies will be able to tap international debt markets and lengthen their debt maturity profiles.
Arianespace will launch the Arsat-1 satellite for Argentine satellite operator Empresa Argentina de Soluciones Satelitales Sociedad Anonima, or Arsat, in mid-2012 under a contract announced June 28 by the Evry, France-based launch services provider.
Argentine president Cristina Fernandez de Kirchner met with PM David Cameron in the framework of G-20 events in Toronto, Canada, but avoided talking about the Falkland Islands sovereignty dispute, according to Argentine media sources.