Chilean government oil and gas corporation, ENAP, presented this week the environment impact assessment for a project to drill eight wells for the extraction of hydrocarbons in the extreme south region of Magallanes in the so-called “Sub-block Manantiales”.
UK Foreign Office Minister Jeremy Browne turned down on Friday an invitation sent by Argentine Foreign Minister Héctor Timerman to visit Argentina. Timerman had hoped to meet with the UK government official in Buenos Aires when Browne makes his trip to the Falkland Islands next week.
The Argentine Government warned that it has no plans to change the farming sector's agenda, therefore will not meet with members of the Liaison Board amid a national strike that began on Wednesday to protest against the property tax hikes in the Buenos Aires province.
German Chancellor Angela Merkel said Europe was ready to act to ensure stability in the Euro zone as Spain's credit rating was cut by three notches amid expectations it may soon seek EU help for banks beset by bad debts.
The leading countries of Latin America’s Pacific Rim with the exception of Ecuador and a few Central American countries, agreed to conform the Alliance of the Pacific an ambitious integration project which has good relations with Washington and is targeted to accompany the growing influence of the Asia-Pacific basin.
China has offered Mercosur to consider the possibility of negotiating a free trade agreement revealed Uruguay, when the South American block is going through one of its worst moments ever so distant from the integration process pledges of 1991.
Uruguay’s long standing dream of building a deep-water port in the east of the country could become a reality in coming days when China’s Prime Minister Wen Jiabao visits the country, according to the government financed newspaper La Republica.