A Mercosur internal conflict involving Argentina and Paraguay which is conditioning the coming presidential summit in Brazil and has again suspended a vote for Venezuela’s final incorporation to the group, seems to have escalated in the last 24 hours.
China Petrochemical Corp, parent of Sinopec Corp, agreed to buy all of US-based Occidental Petroleum Corp's oil and gas assets in Argentina for 2.45 billion US dollars, marking the energy giant's first foray into the upstream market in Argentina.
The blockade of landlocked Paraguay’s maritime and fluvial trade which threatens Mercosur unity has been “granted” a five-day truce by the Argentine maritime workers union responsible for the industrial action.
Argentine President Cristina Fernández de Kirchner was in charge of leading the Tuesday ceremony in which Repsol-YPF announced the discovery of a massive shale gas reserve, the largest in 35 years that could help the country reduce its imports of the fuel.
Landlocked Paraguay has called on Argentina to put an end to the blockade of Paraguayan maritime agencies which has virtually cut the country’s foreign trade. Paraguayan Foreign Affairs minister Hector Lacognata also revealed that if the month-long issue is not solved in the next few days, “Paraguay will be absent from the coming Mercosur summit December 15”.
President Cristina Fernández de Kirchner's administration announced Monday via Foreign Minister Héctor Timerman that Argentina recognizes Palestine as “a free and independent state, within the frontiers in existence since 1967.”
Brazilian president Lula da Silva praised the late Argentine president Nestor Kirchner saying he was the leader who helped Argentines recover their self-esteem and marked a historic change in relations between Brazil and Argentina.
Repsol-YPF has made a mega natural gas strike in the Patagonian province of Neuquen which could supply Argentina with energy for the next half century at least according to an online publication, lapoliticaonline.
United States Secretary of State Hillary Clinton called President Cristina Fernández de Kirchner Thursday afternoon to apologize in relation to the WikiLeaks release of confidential diplomatic documents, including one in which the US Embassy in Buenos Aires is requested to gather information on the personality and mental health of the Argentine leader.
Argentina’s Advocate General Office and a humanitarian organization called for the intervention of the Inter American Human Rights Commission, CIDH, to ensure the physical integrity of the indigenous Toba community in the northern province of Formosa following incidents with police forces that left two people killed.