Venezuela's Government owned oil Company Petroleos de Venezuela, PDVSA, affiliate in United States, Citgo, is refining 840.000 barrels per day and its capacity has not been curtailed by hurricane Katrina revealed PDVSA president Felix Rodriguez.
The Argentine government acknowledged Monday the entry into the country of members of an orthodox Muslim group but denied they were linked to international terrorism or were seeking to recruit members.
A greater opening of the air market and cooperation with regulatory issues was proposed by the European Commission to Chile, Australia and China.
The historic trade deficit of Chile with Mercosur full members, Argentina, Brazil, Uruguay and Paraguay is forecasted to reach a new record this year, possibly above 6 billion US dollars.
Brazilian president Luiz Inacio Lula da Silva underlined Monday the stability and growth of the Brazilian economy in spite of the political turbulence generated by the constant claims of corruption at government level and in Congress.
Falkland Islands Councillors will be involved in several important meetings overseas during this month and October. One of them regarding Rules of Origin in Brussels is particularly significant for the Islands fisheries industry.
Chilean President Ricardo Lagos announced Sunday a package of measures to soften the impact of the surging price of gasoline which has been forecasted to reach the equivalent of almost 1,40 US dollar per litre in the near future.
Argentina figures in 2005 among the world's economies with the highest levels of inflation, 9,6%, behind Venezuela with 15,3% and Russia, 12,5%, according to a report from the Argentine Institute for Social Development, Idesa.
With the world oil and refined products crisis expanding particularly following the impact of hurricane Katrina which virtually knocked out 30% of United States domestic oil production, how do South American countries cope with the situation?
Given the discouraging prospects of the coming trade liberalization negotiations in the framework of the World Trade Organization, Mercosur and the European Union decided in Brussels to resume the interrupted talks.