Stories for October 12th 2004

Tuesday, October 12th 2004 - 21:00 UTC

Petrobras targets Patagonia and offshore Mar del Plata

Following the discovery of two new hydrocarbons areas in the Patagonian province of Santa Cruz, Brazilian government oil company Petrobras announced plans to invest 1,4 billion US dollars from now until 2007.

Tuesday, October 12th 2004 - 21:00 UTC

Saudi Arabia and Kuwait promise more oil

“The problem is not OPEC, Organization of Petroleum Exporting Countries, and production but international concern resulting from political factors”, said Saudi Arabia's Oil minister Sheik Ali al-Naimi during an energy conference this weekend in Dubai.

Tuesday, October 12th 2004 - 21:00 UTC

Punta Arenas Antarctic agenda

A full week of Antarctic related events are scheduled this week in Punta Arenas sponsored by the Chilean Antarctic Institute and the coming Asia Pacific Economic Cooperation tourism summit to be held next November.

Tuesday, October 12th 2004 - 21:00 UTC

Argentine-Chilean incident is “over”

Argentina and Chile ministers of Defence described the recent joint military exercises in the extreme south border area as “proof of integration” and emphasized that the latest diplomatic incident between both countries “belonged to the past”.

Tuesday, October 12th 2004 - 21:00 UTC

Crucial municipal elections in Chile

Chilean president Ricardo Lagos admitted that “indiscipline” from members of the ruling coalition who decided to resign and thus run in the coming municipal elections as “independents” in over 70 towns, will seriously impair the government's electoral results.

Tuesday, October 12th 2004 - 21:00 UTC

Drinking problems among Chilean labour

A report from the Chilean Safety Association indicates that 26,3% of Chilean workers have a drinking problem, that is heavy drinking, dependency or in serious risk of falling into any of the two categories.

Tuesday, October 12th 2004 - 21:00 UTC

Brazilians overseas assets: 82,7 billion US dollars

The total of declared assets held by Brazilians residents overseas reached 82,7 billion US dollars last year. They are distributed among 120 countries but concentrated in fiscal paradises such as Cayman Island, Virgin islands and Bahamas, according to the Central Bank Brazilian Assets Overseas Census.

Tuesday, October 12th 2004 - 21:00 UTC

Portsmouth Harbour declines FIH offer.

The board of Portsmouth Harbour Ferry Company (PHFC) remains at odds with Grant Thornton Corporate Finance, its own financial adviser, in spite of an improved offer for the company from Falkland Islands Holdings (FIH).

Tuesday, October 12th 2004 - 21:00 UTC

Gibraltar: Spain emphasizes dialogue.

Spain seeks to build a future of shared coexistence with Gibraltar which Gibraltarians are comfortable with. This was the message from the Spanish Government in its statement to the United Nations Fourth Committee on Decolonization, delivered last week shortly after the session was addressed by Chief Minister Peter Caruana and Opposition Leader Joe Bossano.

Tuesday, October 12th 2004 - 21:00 UTC

Venezuela increase oil royalties.

Venezuelan President Hugo Chavez announced during his weekly television program a substantial hike, from 1% to 16,6%, of oil royalties paid by foreign companies.