Argentina's government is negotiating more flexible oil workers' contracts to woo investors to the Vaca Muerta shale fields and overcome an energy deficit.High labour costs are thought to be the primary obstacle to investment in the country's oil and gas sector, and negotiations are politically sensitive in a country with an influential labour movement, meaning some changes are off the table.
Bunge and Aceitera General Deheza S.A. (AGD) announced they will jointly invest US$100 million in Puerto General San Martin’s T6 industrial complex and port terminal. Puerto General San Martin is an inland port in Argentina that sits on the Paraná River.
Argentina’s wheat production is estimated at 14.4 million tons in 2016-17 and total exports are estimated at 8.03 million tons, the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Services (FAS) said in its latest report. The main market is expected to be Brazil, the historic, natural market for Argentine wheat and flour.
The former Argentine president said she is no friends with entrepreneur Lazaro Baez, who was awarded around 80 percent of all public works in the province of Santa Cruz when governed by her late husband and eventually president Nestor Kirchner.
Argentina and Uruguay are involved in a joint demersal assessment cruise with the purpose of estimating the hake hubbsi biomass, sizes and age, as well as other resources up to a depth of approximately 300 meters.
Argentine foreign minister Susana Malcorra thanked countries attending the XXV IberoAmerian summit in Colombia for their support to Argentina's sovereignty claim over the Falklands/Malvinas Islands and the compliance of UN resolutions calling for dialogue with the UK. A brief release from the Argentine ministry said “we are grateful for the support we have received from the IberoAmerican space on the Malvinas question”.
Argentina's oil company YPF and Norway's Statoil have signed a cooperation agreement to further gather information on Argentina's offshore potential. The accord was signed in Oslo between YPF CEO Ricardo Darré and Statoil Exploration vice president Tim Dodson.
The Falklands Islands are recalling a milestone decision for the development and transformation of the economy of the country. On October 29, 1986 a Proclamation declaring the Interim Falklands Conservation and Management Zone was signed by Governor Gordon Jewkes. Director of Natural Resources, John Barton pointed out at a presentation on Wednesday evening to mark 30 years of Falkland Fisheries.
A new challenge for Tierra del Fuego province and its industrial promotion scheme: the Argentina government is planning to eliminate all tariffs on the import of computers and components beginning 2017, which is estimated could cost anywhere from 4.000 to 12.000 jobs.
Four Argentines who flew straight across from Rio Gallegos to Stanley airport in a private Beechcraft 55 and spent four days in the Falkland Islands, had only words of praise for the way they were considered and treated during the two months previous paperwork and when they finally reached their goal of visiting battle fields, cemeteries to honor the 1982 combatants who never returned.