Uruguay signed on Friday the first risk contract for the exploration of hydrocarbons in the north of the country, the first ever of its kind. US company Schuepbach Energy from Dallas will be looking for possible traces of natural gas in lutite sedimentary rocks during a two year period in an area of 10.000 square kilometres.
Brazil's government managed oil and gas corporation Petrobras and Repsol-YPF have been awarded a contract to explore for natural gas and oil off Uruguay's coast announced the country’s oil firm Ancap.
Uruguay’s coming Sunday presidential election is proving to be more nerve-racking and difficult to forecast than anticipated, with the ruling coalition just a few inches away from repeating in spite of the falling performance of the main opposition candidate.
Uruguay as the natural gateway to Mercosur, --South America’s main trading block-- will be the top issue to be discussed at the SeaCargo Americas AirCargo Americas Conference special seminar to he held November 5th in Miami with the participation of hemispheric port, airport and logistics leaders.
It wasn’t an issue during the electoral campaign trail and hardly mentioned in political rallies but Mercosur is high in the agenda of whoever wins next Sunday’s presidential election in Uruguay.
A much awaited brief but significant embrace between the two main leaders of Uruguay’s ruling coalition took place Monday in the port of Montevideo, an event which should help the incumbent candidate in the run up to Sunday’s presidential election.
Uruguay’s Supreme Court ruled unconstitutional a law that exempted military and police personnel involved in human rights abuses during the country’s military dictatorship which extended from June 1973 to March 1985.
In the run up to next Sunday’s general election, Uruguayan presidential candidates were involved in a flurry of political rallies in the capital Montevideo, turning the city into a stage of colourful marches and flag waving to the tune of the candidates’ jingles and musical backup.
Uruguay has no plans to abandon or become an associate member of Mercosur, but rather continue along the line established by President Tabare Vazquez which is doubling efforts “for a better Mercosur” said Foreign Affairs minister Pedro Vaz during a meeting with foreign correspondents in Montevideo.
A graphology profile of Uruguay’s presidential candidates for the coming October 25th election has surfaced such adjectives as “impulsive” and “egocentric”. The report was published in Montevideo’s main daily El Pais following on the “readings” of the signatures of three of the hopefuls.