Uruguay

Uruguay
Sunday, April 3rd 2016 - 07:33 UTC

Uruguay reaffirms allegiance to Mercosur but admits serious challenges

Mercosur is a fundamental legal milestone in regional integration, and a turning point in the history of member countries, said Uruguay's foreign minister Rodolfo Nin Novoa during a conference celebrating the 25th anniversary, (March 1991), of the founding of the South American group, who nevertheless admitted serious challenges.

Friday, April 1st 2016 - 06:07 UTC

Total/Exxon/Mobil drilling offshore Uruguay a record-deep well; first since 1976

The well was spud at the “Raya/1” prospect in Block 14 by the Maersk/Venturer drilling ship

A consortium led by France's Total and U.S.-based super major ExxonMobil Corp started this week drilling for oil off Uruguay, Industry, Energy and Mining Minister Carolina Cosse announced. Uruguay is totally reliant on imports for its oil and has for decades tried to discover possible hydrocarbons resources both in the continent and offshore.

Tuesday, March 29th 2016 - 06:37 UTC

FIFA chief Infantino arrives in Uruguay; supports 2030 World Cup in River Plate

“An important theme is whether the World Cup can be played in more than one country,” said Infantino. “I personally support it”.

FIFA President Gianni Infantino who on Tuesday will be in Uruguay, gave tentative backing to a joint World Cup bid by Argentina and Uruguay on Monday, suggesting the history of the two South American nations made them serious candidates to host the tournament in 2030.

Saturday, March 26th 2016 - 07:15 UTC

Mercosur prepares to celebrate 25th anniversary hoping it can be 'reborn' under Argentine leadership

The Asuncion Treaty, founding charter of Mercosur was passed on 26 March 1991, by the original founding members, Argentina, Brazil, Paraguay and Uruguay

On Saturday 26 March the Asuncion Treaty, which gave birth to Mercosur, the Common Market of the South, will be 25, and even with celebration plans the mood of its members is not enthusiastic following years of “too much ideology” and “too little trade and business”, distant from the original idea and purpose.

Saturday, March 26th 2016 - 07:03 UTC

Mercosur and Unasur can't agree on a statement of support for Dilma Rousseff

“We do not interfere in the internal affairs of countries” stated the Paraguayan foreign minister Eladio Loizaga

The attempt by Uruguay to draft a strong Mercosur and Unasur resolution in support of embattled Brazilian president Dilma Rousseff has foundered. Argentina is only prepared to express support for Brazil's institutions while Chile and Paraguay have balked at the idea of personalizing the issue in Rousseff and her Workers Party.

Wednesday, March 23rd 2016 - 19:19 UTC

Doing business between Uruguay and United Kingdom

Ignacio de Paula, British Consul Katharine Felton, Gabriela Castro-Fontoura, Director of Sunny Sky Solutions and GBUA member, Florencia Malo

The Association of Graduates of British Universities (GBUA) together with the Association of Young Entrepreneurs (AJE Uruguay), organized a panel in which young Uruguayan entrepreneurs spoke about their experiences of doing business with the UK.

Saturday, March 19th 2016 - 09:13 UTC

Brazilian situation shows division among Unasur members

Uruguay is promoting a declaration demanding 'respect for the mandate and government of president Dilma Rousseff', said foreign minister Rodolfo Nin Novoa.

Unasur, the Union of South American Nations is divided on how to address the Brazilian situation: while Uruguay, Venezuela, Ecuador and Bolivia have agreed on a strong statement in support of president Dilma Rousseff, Argentina expressed 'institutional support' and Chile abstained.

Friday, March 18th 2016 - 03:03 UTC

It's official: Mercosur and EU will exchange offers for a trade accord on 8 April

“Both parties have to make concessions. Argentina is willing to do so and include more sectors, which would then be compensated if they are harmed” Braun said

Argentina is willing to “make concessions” in order to move forward with a free-trade agreement between Mercosur and the European Union (EU), which will likely allow a greater export of agricultural produce, according to Argentina's Trade Secretary Miguel Braun who then reveled that trade offers will be exchanged on April 8.

Sunday, March 13th 2016 - 23:17 UTC

Mercosur/EU will exchange trade proposals in April, is announced in Argentina

“We are working hard in the EU and Mercosur for a positive exchange of offers to happen in April. It’s an ambitious but realistic goal”, Mogherini said

Mercosur and the European Union will exchange trade proposals in April, a key step for the long delayed trade and cooperation agreement between the two blocks and which has gained strength since the change of administration in Argentina with president Mauricio Macri.

Saturday, March 12th 2016 - 07:21 UTC

France's Total ready to begin drilling offshore Uruguay: risky project but it could be AN ”elephant''

Uruguay’s offshore potential has triggered a spurt of deal-making in recent months even as benchmark oil prices trade at 12-year lows.

France’s Total SA announced it is preparing to begin drilling one of its most important offshore exploration wells in the Americas this year as it hunts for a giant oil field in Uruguayan waters. A discovery could extend an exploration boom in a country that currently imports all of its oil and gas needs.

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