MercoPress

Brazil opens ports to private investment hoping to ease bottlenecks strangling exports growth

Mon, 20 May 2013 22:22:00 GMT

Brazil’s Congress approved legislation that opens up state-owned ports to private investment and lifts restrictions on the building of private ports in a bid to eliminate serious bottlenecks strangling the country’s export growth. The Brazilian Association of Infrastructure and Basic Industries praised the approval of the bill and anticipate investment of 25bn dollars.

Venezuelan oil monopoly in joint ventures with Chevron and China Petroleum

Sat, 18 May 2013 06:53:00 GMT

PDVSA, Venezuela’s government oil and gas giant will allow joint ventures with China National Petroleum Corp. and Chevron Corp. to manage 6 billion dollars in loans designed to revert oil output declines, said a PDVSA official.

Chevron agrees to invest 1.5bn dollars in developing YPF shale field in Patagonia

Thu, 16 May 2013 03:24:00 GMT

Argentina’s nationalized oil company YPF signed on Wednesday an agreement with US oil major Chevron Corp to define the terms and conditions of Chevron's investment of 1.5 billion dollars in the vast Vaca Muerta shale field.

Uruguay awards French company contract for 1.2bn dollars re-gasification plant

Wed, 15 May 2013 07:24:00 GMT

Uruguay awarded French gas and power group GDF Suez SA a contract to build a liquefied natural gas (LNG) re-gasification plant at an estimated cost of 1.125 billion dollars, the government said on Tuesday.

Chinese Vice-president asks Venezuelan government for efficiency in joint-projects

Wed, 15 May 2013 07:21:00 GMT

Chinese Vice President Li Yuanchao on Tuesday asked the Venezuelan government for efficiency in managing an agro-industrial plant it has begun building near Caracas with a 52 million dollars investment from Beijing.

BP and Total win exploration rights in virgin waters of Brazil’s Amazon basin

Wed, 15 May 2013 06:50:00 GMT

BP and Total, Europe’s biggest oil companies after Shell, won exploration rights in the Amazon basin as Brazil’s first oil auction in five years attracts a record level of bids. Total, based in Paris, gained exploration access to operate five blocks at the Foz do Amazonas basin in northern Brazil together with partners BP and Petrobras, the oil regulator said on Tuesday.

Petrobras completes record bond offering and collects 11 billion dollars

Tue, 14 May 2013 06:36:00 GMT

Brazil’s state-controlled oil firm Petrobras sold 11 billion dollars of global debt on Monday in the largest-ever bond offering by a Latin American company. The deal was split in six tranches comprised of fixed- and floating-rate debt with maturities ranging from three to 30 years, according to a report from Thomson Reuters.

Brazil raises 800million dollars in bond sales: 750m in US and EU; 50m in Asia

Sat, 11 May 2013 05:40:00 GMT

Brazil succeeded in selling 50 million US dollars worth of dollar-denominated government bonds in Asian markets on Friday, the Treasury Department announced.

Chinese Vice-president in Argentina to strengthen long-term strategic partnership

Fri, 10 May 2013 06:26:00 GMT

China is determined to advance in mutually beneficial cooperation with Argentina visiting Chinese Vice President Li Yuanchao said on his arrival on Thursday to Buenos Aires. He underlined that the new Chinese leadership will continue to perceive and develop bilateral relations from a long-term strategic perspective.

Brazil and Argentina agree to jointly build two nuclear research reactors

Fri, 10 May 2013 06:17:00 GMT

Atomic power agencies from Brazil and Argentina signed an agreement to build two nuclear reactors for research and production of radioisotopes, according to the Ministry of Science and Technology (MCT).