President Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its refineries in the United States and build a new network of refineries in Latin America, part of a plan to offer his leftist allies in the region a stable oil supply
Ecuadorean President Rafael Correa went deep into the Amazon jungle to show his disdain for Chevron Corp., which is on trial in Ecuador for allegedly failing to clean up billions of gallons of toxic wastewater.
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.