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Paraguay begins drilling for oil in the Chaco next December

Wednesday, October 17th 2012 - 05:13 UTC
Full article 16 comments

Paraguay will begin exploring for hydrocarbons in the Chaco region, heartland of South America next 8 December, said oil consultant Mario Garnero after meeting on Tuesday with President Federico Franco. Read full article

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  • LightThink

    I guess Paraguay has notable oil/gas reserves
    but
    does need to have good relations in Mercosur to export.

    Oct 17th, 2012 - 09:38 am - Link - Report abuse 0
  • BAMF Paraguay

    I think if Paraguay offers oil at a cheap price to its Mercosur members, it will be able to sell it just fine. But let's hope that there is no oil to be found because oil can also be the downfall of many countries. Dictators love it. Also the foreign pressures of having such a resource can be very problematic.

    Oct 17th, 2012 - 11:06 am - Link - Report abuse 0
  • Conqueror

    @1 Why would it need good relations with a bunch of moronic dictators? You do understand that international law says that a landlocked country has to have access to the sea, don't you? So Paraguay could have a pipeline and an oil terminal on the Pacific coast.

    Oct 17th, 2012 - 12:08 pm - Link - Report abuse 0
  • BAMF Paraguay

    We have a decent river route to the Atlantic - the Paraguay River. But we are also dependent on Argie and Uruguayan ports and as you know they sometimes like to put restrictions on Paraguayan imports/exports.

    Oct 17th, 2012 - 05:51 pm - Link - Report abuse 0
  • ChrisR

    @4

    These restrictions you speak of, have any involved Uruguay?

    Oct 17th, 2012 - 06:18 pm - Link - Report abuse 0
  • ProRG_American

    Graet news for Mercosur and Unasur. I hope their findings are hefty ones.

    Oct 17th, 2012 - 06:47 pm - Link - Report abuse 0
  • Think

    (4) BAMF Paraguay

    You say:
    “We have a decent river route to the Atlantic - the Paraguay River....”

    I say:
    O'RLY?
    The Paraguay river flows into the Atlantic?
    May I ask you.... when did that happen?

    Oct 17th, 2012 - 09:06 pm - Link - Report abuse 0
  • BAMF Paraguay

    #7 The Paraguay River flows into the Parana River that flows into the Atlantic Ocean. It is the waterway that Paraguay uses for most of its imports/exports.

    Oct 17th, 2012 - 09:14 pm - Link - Report abuse 0
  • ProRG_American

    BAMF Paraguay (#)

    Still no oil found and he attempts to extend he Parguay River outside it's bounds. Quickly stopped by Think.

    Oct 17th, 2012 - 09:24 pm - Link - Report abuse 0
  • Think

    (8) BAMF Paraguay

    Well....
    That was more “correct”...
    It wasn't so hard......., was it?

    Oct 17th, 2012 - 09:45 pm - Link - Report abuse 0
  • ProRG_American

    10 Think (#)
    Think, you don't pull any punches don't you? Haaa, I love it! If it wasn't for the likes of you, visiting this site would be a burden.

    Oct 17th, 2012 - 10:52 pm - Link - Report abuse 0
  • Think

    :-)

    Oct 17th, 2012 - 10:53 pm - Link - Report abuse 0
  • Nightingale

    The argentininas seem to resent and dislike a fellows south american countries good fortune..Do they like anybody ?

    Oct 18th, 2012 - 02:41 am - Link - Report abuse 0
  • BAMF Paraguay

    #9 - I am hoping that no oil is ever found in the Paraguay. It is the black curse of many countries and with Paraguay's extensive corruption, I don't see them being able to handle it. I don't want this country to become another Venezuela. Since you support Venezuela and its “new” socialism, then we can leave Paraguay as a more free market country, and then in a few decades compare which one is doing better. It'll be a great experiment.

    #5 Nah, Uruguay is pretty cool with Paraguay. Unfortunately they don't have a large enough port that can be used by Paraguay, so instead we are dependent on good ol' CFK. There was talk of a new port being constructed in Uruguay for this purpose, but not sure what has happened to that.

    Oct 18th, 2012 - 11:21 am - Link - Report abuse 0
  • lsolde

    You are splitting hairs, señor Think.
    You knew what the man meant.
    Eventually the WATERS of the Paraguay river DO FLOW into the Atlantic Ocean.
    You never did answer me the question whether a revolving rifle is a revolver or a rifle.
    lf its a rifle then a revolving pistol can be called a pistol, nicht wer?
    Proving you wrong yet again.

    Oct 19th, 2012 - 11:19 am - Link - Report abuse 0
  • British_Kirchnerist

    #11 True, and I could add you to that too =)

    Oct 22nd, 2012 - 10:52 pm - Link - Report abuse 0

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