Tuesday, March 1st 2011 - 16:41 UTC

TAM ordered 34 aircraft in anticipation of strong growth demand in Brazil

The operation involves 32 A320 Airbus and two Boeing 777-300

TAM, Brazil's largest airline has ordered 34 aircraft to renew its fleet as it expands operations in its home market and overseas. The operation involves 3.2 billion US dollars and includes 32 A320 Airbus (156/174 seats) and two Boeing 777-300ERS (365 seats).

Sunday, February 27th 2011 - 23:14 UTC

China plans to build 45 new airports in the next five years

Most airports loose money but promote local economic growth argue Chinese officials

China plans to build at least 45 new airports in the next five years to serve booming travel, the top industry regulator said last week.

Sunday, February 27th 2011 - 23:08 UTC

ANCAP contracts 50.000 km areo-magnetic survey of the Uruguayan offshore

The acquisition and processing is estimated to take six months

Uruguay government owned oil company ANCAP contracted the international company Fugro for the provision of geophysical services covering a complete aero-magnetic survey of the River Plate area and Atlantic Ocean where Uruguay is about to launch a hydrocarbons exploratory round.

Saturday, February 26th 2011 - 02:54 UTC

Uruguay and Argentina agree to build floating re-gasification plant

President Mujica and Cristina Fernandez pose for the protocol picture

Uruguay and Argentina signed on Friday an agreement to build a re-gasification plant for liquid natural gas to help meet their energy needs. The floating re-gasification plant will supply the two nations with 10 million cubic meters a day of natural gas, scalable to 15 million, starting in 2013 according to an official statement.

Friday, February 25th 2011 - 21:29 UTC

China Sinopec completes take over of US Occidental Petroleum assets in Argentina

The operation involved 2.45 billion US dollars

China Petrochemical Group (Sinopec), China's largest oil refiner announced this week that U.S. Occidental Petroleum Corp. (NYSE:OXY) had completed handing over its Argentinean assets to it.

Friday, February 25th 2011 - 06:33 UTC

China will participate in Brazil’s next oil and gas bidding round

Brazil’s oil and gas resources are mostly off shore

China's Sinopec Corp said it planned to participate in Brazil's next oil and gas bidding rounds, which should be resumed after the passage of a reform of the country's oil law expected this year.

Friday, February 25th 2011 - 01:04 UTC

India pledges greater economic cooperation and trade with Uruguay

Members of India and Uruguay chambers of commerce celebrate the agreement (The Hindu courtesy)

India pledged on Thursday greater economic cooperation with Uruguay in sectors such as agriculture, pharmaceuticals, textiles, automobiles, machineries and IT. In 2009-10, bilateral trade stood at 64.3 million US dollars.

Thursday, February 24th 2011 - 07:49 UTC

Uruguay and India explore wind energy cooperation

Vice-president Danilo Astori also announced the signing of a double taxation treaty

A high level delegation from Uruguay is exploring the possibility of forging cooperation with India in the wind power sector. Led by Uruguayan Vice President Danilo Astori, the delegation visited Wednesday the plant of RRB Energy Ltd (RRBEL) in Chennai (formally Madras).

Thursday, February 24th 2011 - 07:20 UTC

After 22 years Repsol-YPF delists from the NY Stock Exchange

The Spanish company wants to cut costs and optimize presence in international markets

Spanish-Argentine energy company Repsol-YPF officially informed the U.S. Securities and Exchange Commission of its decision to de-list from the New York Stock Exchange, where its shares had been traded for almost 22 years.

Thursday, February 24th 2011 - 07:16 UTC

Nasdaq reacts to spate of deals in the stock markets industry

One of the options is tying up with the Chicago Mercantile Exchange

Nasdaq OMX Group Inc could launch a rival bid for NYSE Euronext to avoid being left on the sidelines, a source said, as traditional exchanges race to merge to see off upstart electronic rivals.


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