FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands announces further progress on its rig contract negotiations and certain changes to its licence arrangements.
Venezuela’s president Hugo Chavez said on Wednesday during a press conference in Montevideo that the Libyan leader Moammar Gaddafi “is doing what has to be done, resisting an imperial aggression” and added that “it’s not anticipated that he has plans to leave Libya”.
Ireland believes it looks increasingly unlikely that there will be a Mercosur-European Union trade deal before the end of the year. Mercosur and the EU resumed trade talks in May 2010 with the objective of reaching a deal by the end of 2011.
Argentine President Cristina Fernández de Kirchner said at a political rally that she’s not the leader of a government but the head of a political project with an agenda and a vision of Argentina, and anticipated she’s “going for more”.
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.
The successful Brazilian self made man and former Vice-president Jose Alencar who assured the business community political support for the “firebrand union leader”, Lula da Silva elected in 2002 to lead Latin America’s largest economy, died in Sao Paulo on Tuesday after a long battle with cancer.
Presidential election races in Peru have a history of being unpredictable. What initially seemed to be a three-way battle to succeed outgoing president Alan Garcia now appears to be a five-way tussle ahead of the first round of voting on April 10 according to a report from Capital Economics.
Argentina's moves to restrict imports and prop up its shrinking trade surplus as well as European farmers resistance to ‘cheap’ meat imports could hurt talks for a trade deal between Mercosur and the European Union, an EU official said on Wednesday.
Argentine ambassador before United Nations Jorge Argüello is scheduled to give a conference this week in Bangkok, Thailand on the ‘Malvinas Islands issue” and the South Atlantic situation.
Israel will follow with a critical eye the United Nations organized forum on the Israel-Palestine conflict which opened Tuesday in Montevideo, because whatever the results, the Israeli government is ‘particularly interested in the Uruguayan government’s position’.