UK’s BP, BG Group, London-based Tullow Oil and French oil major Total were awarded a total of eight offshore blocks in an Uruguayan bidding round and will invest 1.56 billion dollars in exploration of those areas, state energy company Ancap announced.
Gibraltar Chief Minister Fabian Picardo and Mayor of Spain’s Algeciras Jose Ignacio Landaluce have both separately highlighted the importance of cross-border cooperation and co-existence, in dealing with the complex issues related to Spanish fishing activity in Gibraltar waters.
As many as 15 British and US banks have received warning letters by the Argentine embassy in London about possible legal action over giving advice or even writing research reports about companies involved in the Falkland Islands' nascent oil industry, London’s Sunday Telegraph said.
Uruguay will consult with Iran the possibility of exporting rice in exchange for oil, the government of President Jose Mujica said on Friday.
The Economist argues that with the latest legislation, the Argentine central bank has lost its legal independence and become the piggy bank of President Cristina Fernandez government.
European governments called for a bigger global financial emergency fund after engineering a firewall to fight the region’s debt crisis that tops the symbolic 1 trillion dollars mark.
Brazil will extend a payroll tax break to some manufacturers as part of a package of new measures to help struggling industries in a move to help the recovery of Latin America's top economy, a senior government source revealed to the local media.
Argentina is considering applying measures to restrict the import of Mexican cars, which could include unilaterally denouncing the Economic Complementation Agreement (ACE) 55, which regulates bilateral trade, Argentine government sources told local media, ámbito.com.
Brazilian authorities identified a small oil leak off the shores of Rio de Janeiro on Saturday, the latest in a series of spills that has raised safety concerns over the development of some of the world's largest petroleum reserves.
The Argentine government ratified its trade policies before the World Trade Organization, following the criticism of Argentine trade restrictions from twelve countries, including the US, EU and Japan, and assured it will continue to decide on its trade policies in a sovereign manner.