A refurbished oil refinery set to begin production next December could turn Cuba from a net import dependent to an oil refined products exporters, according to the official press in Havana.
Uruguay with no oil or gas reserves has the highest fuel prices in Latinamerica, 1.35 US dollars for a liter of premium gasoline, not distant from those countries with the top values such as Holland where premium at the pump costs 1.91 US dollars a liter.
Astronomers using a state of the art telescope in Chile have found the most Earth-like planet outside our Solar System to date, a world which could have water running on its surface.
HAVING completed the processing and interpretation of its Falkland
Islands 2D seismic data, Harry Dobson, Chairman of Borders and
Southern says, great progress has been made towards successful exploration and production.
Bolivia's president Evo Morales denied having squabbled with Brazil's Lula da Silva during the recent energy summit in Venezuela but admitted having discrepancies over how much Bolivia must pay for the two nationalized oil refineries from Petrobras.
Argentina has guaranteed the supply of natural gas for residential consumption in the coming winter announced Chile's Energy Minister Marcelo Tokman following a meeting in Venezuela with Argentina's energy czar Julio De Vido.
Ethanol production is expected to dominate the energy summit of South American nations which has got underway Monday in the Venezuelan Caribbean island of Margarita.
A jump in fuel prices pushed the United States March retail prices index to its highest in twelve months, 0.6%. However the good news is that core inflation which excludes energy and food costs rose by 0.1%, down from 0.2% in February and 0.3% in January.
South American leaders meeting in Venezuela for the first regional energy summit agreed on Tuesday a declaration that includes traditional and alternative fuels, such as ethanol, plus the creation of the South American Energy Council to follow up hemispheric energy related agreements.
Chile could be one step closer to securing its energy supply if a new 800 million US dollars liquid natural gas (LNG) plant receives government approval. The Quintero plant (Region V) was initially designed with a capacity for 5.7 million cubic meter NLG, but has now been expanded to a 10 million cubic meters.