Several oil companies operating in Argentina have teamed up to begin hydrocarbons explorations close to Falklands’ waters. The companies have programmed to spend 140 million US dollars in two exploratory wells for which they have contracted a special drilling vessel, according to reports in the Buenos Aires press.
Chinese Deputy Foreign Minister, Li Jinzhang, assured that China is highly enthusiastic about reaching an agreement to unlock the trade soybean oil conflict between Argentina and the Asian giant, according to Chinese media.
The Joint Technical Commission for the Argentine-Uruguay Maritime Front (CTMFM) established an autumn ban for the common hake (Merluccius hubbsi) fishery in the Common Fishing Zone (ZCP), shared by Argentina and Uruguay. The measure became effective 7 April to 30 June 2010.
An Argentina-China agreement to unlock the soybean oil conflict seems to move forward as a government official, who preferred to remain anonymous, told a news agency that China has agreed to allow all cargo ships on their way to China to unload soybean oil at Chinese ports.
A United States federal judge ruled in favour of seizing 105 million US dollars from the Argentine Central Bank deposits in New York in order to pay the debt the country holds with two investment funds.
China’s soybean oil traders may “gradually” delay or cancel imports from Argentina after the country toughened inspections, the China National Grain and Oils Information Center said early Wednesday from Beijing.
Following on Uruguay’s successful experience, the Argentine government announced this week the distribution of three million laptops in government high schools.
Argentine president Cristina Fernández de Kirchner, CFK and her Uruguayan counterpart José Mujica met Monday afternoon during a surprise visit to the Olivos presidential residence in Buenos Aires.
Argentina formally protested on Monday a possible move by China to block imports of Argentine soybean oil in a trade row that threatens a key export of the country and last year involved almost 1.5 billion US dollars.
Argentina began servicing public debt using Central Bank reserves after making its first payment Monday, according to sources from the Economy Ministry.