
Argentina’s state oil and gas company YPF CEO Miguel Galuccio announced that fuel production could drop 7% because of a fire at its refinery in La Plata. A return to full operations at the 180.000 bpd facility is expected in 30-45 days time.

Election fever in Argentina: the administration of President Cristina Fernandez froze the price of gasoline and diesel sold at service stations for six months and convinced banks to cut interest payments on arrears. Last month supermarket chains and other suppliers agreed to extend the current price freeze.

A clear majority of Montevideo residents support Uruguayan president Jose Mujica controversial comments on Argentine President Cristina Fernandez and her deceased husband Nestor Kirchner, “the old lady is worse than the one eyed man”, according to an opinion poll made public on Tuesday by a local broadcasting station.

The Argentine government remains silent on the death last Monday of former British Prime Minister Margaret Thatcher, but several lawmakers, former officials and Malvinas veterans organizations did have something say and not only linked to the Falklands war and the sinking of the Argentine cruiser ‘Belgrano’ in May 1982.

Brazil’s oil and gas Petrobras said Argentina needs clear rules to foster investments if it wants to develop its unconventional oil and gas resources.

President Jose Mujica acid comments on Argentina’s presidential couple Cristina Fernandez-Nestor Kirchner were further developed in a monthly magazine which on Saturday published a long article with the Uruguayan leader, although it must be pointed out that the interview was dated March 18th.

Despite Uruguayan President Jose Mujica had anticipated he would give no further explanations about his at least controversial remarks about Argentina’s presidencial couple, Cristina and Néstor Kirchner, the Uruguayan leader on Friday midday stated in his daily broadcast that “nothing or nobody” could separate the brotherly nations.

Brazil admitted that the trade situation with Argentina is “less than satisfactory”, given the ongoing barriers and restrictions imposed by Buenos Aires and revealed that the bilateral trade balance is now inclined in favour of its southern neighbour and Mercosur associate.

Uruguayan president José Mujica’s controversial statements caught on an open microphone referred to President Cristina Fernandez and her late husband Nestor Kirchner, triggered a strong response from the Argentine government saying that such comments are “unacceptable, denigrating and offend the memory of a dead person”.

Uruguay’s President Jose Mujica, speaking without realizing a microphone was on, referred to Argentine President Cristina Fernandez de Kirchner as that ‘old lady’ saying she is “worse” than her late husband and predecessor, Nestor Kirchner.