Investments
InvestmentsArgentina's comprehensive strategic (and vital) association with China
Argentina and China entered a new phase of their relationship in July last year after upgrading it to a “comprehensive strategic association” and signing a battery of agreements, which include a 4.7 billion investment in hydroelectric dams, 2.09 billion in the renovation of the rail system and an 11 billion currency swap.
China pledges 250bn in investments and 500bn in bilateral trade with Latam
Chinese President Xi Jinping pledged on Thursday 250 billion dollars in investment in Latin America over the next five years as part of a drive to boost resource-hungry China’s influence in the region.
Significance of China for Latam trade and investment underlined by Eclac
The importance of forging closer strategic ties between China and Latin America was underlined by Alicia Barcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), in her speech to the China-Community of Latin American and Caribbean two-day ministerial forum that took place in Beijing.
Panama Canal planning major transshipment port on the Pacific entrance
The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific. The project is now awaiting the final step for approval from Panama’s National Assembly.
Blackout for Paraguay's hydrocarbons hopes in Chaco drillings
President Energy slumped by as much as a third on Monday following an update on testing of the Silurian Santa Rosa and Devonian Icla reservoirs in the Lapacho well in Paraguay's Chaco. A test of Santa Rosa was cut short, although management reckons that it can be commercialized, and a test of Icla recovered only gas and no oil.
Russia's Gazprom takes 100% control of major international gas pipeline
Russia’s gas giant Gazprom said in a release on Monday it had signed a deal with Eni, Wintershall and EDF on the purchase of 50% of shares in South Stream Transport BV. Thus, Gazprom will be a 100% owner of the company.
Foreign Ministers of Argentina, Chile sign additional protocols to Treaty of Maipu
Hector Timmerman, Heraldo Muñoz outline new phase in binational relationships. Transandean Train, Agua Negra and Las Leñas Paths to bring on significant progress.
Groundbreaking of Chinese-backed Nicaragua Canal commences
Protesters, skepticism did not stop the administration of President Daniel Ortega. Project seeks to reshape country's poor economy,
Uruguay receives IDB credit to boost investment in renewable energies
As part of Uruguay long term plan to promote investment in infrastructure and finance investment in electric power plants using renewable energy resources, essentially wind and solar so as to diversify the country energy mix and cut CO2 emissions, the country will be receiving a 250 million dollar credit line from the Inter American Development Bank, IDB.
YPF money helps Repsol by over Canadian Talisman
The largest international deal by a Spanish company in the last five years, props up shares despite plummetting international oil prices.
