British Petroleum reached an agreement to sell its 60% stake in an Argentine oil and gas company to its joint-venture partner Bridas, which is owned in equal parts by China's CNOOC, China’s Natioonal Offshore Oil Company and the prominent Bulgheroni family of Argentina.
In spite of the US State Department alleged concerns regarding the mental health of Argentine president Cristina Fernandez de Kirchner (one of the latest 250.000 documents released by WikiLeaks), a month after the death of her husband and political partner Nestor Kirchner the lady is riding on a wave of popularity and has clearly imposed leadership, according to political analysts.
The presidents of Unasur (Union of South American Nations) meeting at a summit in Guyana paid homage to former president Nestor Kirchner, agreed to incorporate a “democratic clause” to the group’s charter, left for next month a decision on who will be named the next secretary general and had a special mention to the Falklands/Malvinas sovereignty dispute between Argentina and the UK. Argentina also revealed that the post should be occupied by an Argentine.
One of Argentina’s main experts on Falklands/Malvinas affairs Lucio Garcia del Solar and former ambassador before the United Nation, United States, the former Soviet Union and UNESCO, among other diplomatic posts died Friday morning in Buenos Aires.
Russia is interested in purchasing 3 million tons of Argentine animal feed corn to supply its domestic market following the catastrophic drought and fires suffered by the country during summer months in the northern hemisphere.
Repsol YPF SA, Spain’s biggest oil company announced it filed a request with the U.S. Securities and Exchange Commission to be able to sell shares representing as much as 15% of its Argentine unit YPF SA.
The Brazilian government questioned UK’s “unilateral actions” regarding the (Falklands) Malvinas Islands and called for the sovereignty “long standing dispute” to reach “as soon as possible a solution”.
The International Monetary Fund confirmed Argentina’s request for technical assistance on the elaboration of a Consumer Price Index (CPI). In a statement release by Nicolas Eyzaguirre, Director of the Western Hemisphere Department added “we are currently in contact with the authorities on planning the missions”.
The Brazilian financial newspaper Valor Economico claims Argentine Domestic Trade Secretary Guillermo Moreno “mistreated” Brazilian ambassador in Buenos Aires Enio Cordeiro following a discussion on alleged “informal” obstacles that the Cristina Fernández government is planning to apply on Brazilian imports.
Argentina’s Economy minister Amado Boudou announced Tuesday that the President Cristina Fernández de Kirchner's administration is to request aid from the International Monetary Fund to help with a new price index.