Repsol-YPF, Spain’s biggest oil company cut its five-year exploration and production investment plan to reduce costs as the economic slowdown saps earnings. Repsol will invest an estimated 8.76 billion Euros in E&P from 2008 through 2012, down from an earlier plan to spend 9.3 billion Euros, the Madrid-based company announced Monday.
Honduras de facto leader Roberto Micheletti has been named vice-president of the Liberal International organization in spite of the fact he is not recognized by a majority of the international community.
Bolivian president Evo Morales continues to lead comfortably public opinion polls with only three weeks for the presidential election scheduled for December 6. Five million Bolivians are registered to vote.
The Captain Khlebnikov (*) icebreaker of the Far East Shipping Company (FESCO) has stranded in the Antarctic ice.
Almost 100.000 residents are registered in Magallanes Region to vote on December 13th Chilean general elections which will decide on the country’s next president and regional members for the Lower House in Santiago.
The South Georgia Association has announced the name of its new chairman.
He is Professor David J. Drewry, a former director of the Scott Polar Research Institute and of the British Antarctic Survey and Director General of the British Council, who has recently retired as Vice-Chancellor of the University of Hull.
Brazilian Foreign Affairs minister Celos Amorim warned that relations between United States and Latinamerica are deteriorating and called on President Barak Obama to begin a dialogue with Venezuelan president Hugo Chavez.
Israeli President Shimon Peres, who will meet Monday with President Cristina Fernández de Kirchner, arrived Sunday night in Buenos Aires for his two-day official visit, the first of an Israeli head of state in decades.
The International Court of The Hague will rule favourably for Uruguay in the litigation with Argentina over the Botnia pulp mill constructed on the Uruguayan side of a jointly managed river, anticipated Uruguay’s chief attorney in the case, Paul Reichler.
Brazil launched Sunday military exercises involving the three services and located in three states next to landlocked Paraguay with the “main target” being the recovery of a bi-national hydroelectric dam that has fallen into the hands of an enemy country.