MercoPress, en Español

Montevideo, May 28th 2023 - 00:57 UTC



GeoPark joins Korea’s LG to expand oil exploration in Latin America and Asia

Thursday, March 31st 2011 - 02:17 UTC
Full article 1 comment

Latin American oil and gas company GeoPark Holdings which operates in Argentina and Chile, will sell a 10% stake in GeoPark Chile Ltd for 70 million US dollars to a unit of Korea's LG Corp. The transaction is expected to close in the second quarter of 2011, GeoPark said. Read full article


Disclaimer & comment rules
  • GeoffWard

    “LG International, which has current upstream oil and gas projects in Oman, Vietnam and Kazakhstan, is focusing on investment in emerging resource-rich countries.” (Mercopress, above)

    *Everybodys* focusing on investment in emerging resource rich countries. It's called carving up the available world and its resources.
    War isn't fought these days with AK47s and drones (though this still happens to some small extent).
    The BIG WAR - the real world war - is being fought in the EEZs (land & offshore) of the underdeveloped and developing nations of the world.

    Nations are frequently the less important players.
    Multinational are at least as important.
    And, like the Monopoly game, to corner the resources is the aim and objective of this Great Game.

    Little unattached nations with resources are the Big Prey.
    Nations within Economic Blocs have enhanced leverage, both as predator and as prey.
    The Big Beasts can call the shots,
    so the Trading Blocs (Mercosur, CAN, EU, Asean, etc.) must be fast and persuasive. They must speak with the power of one voice; internal divergence of opinion in these deals is death to the Bloc.

    My question for Unasur: Mercosur/CAN/the Unaligned SA states:
    'Is anybody keeping an eye on the Big Picture?'

    In other words, each nation is entering into deals ad hoc, for longer or shorter or permanently, for money, for reciprocal trade, for 'influence', land sales, land leases, food volumes (which may or may not be possible to meet, year on year - weather, climate change, etc.) - with nations of all types, politics, reliability, etc.

    Is anybody (university?) plotting a S.A. economic map moving through time to see what the continent, its countries and its resource-base will look like in coming years? (1, 2, 3, 5, 10, 20, 50, (100) year projections, updated annually.)

    It's a scary thought, but our real eastate may be being sold from beneath our feet at this very moment without us being aware of it.

    Mar 31st, 2011 - 08:42 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!