On the 175 year of the illegal British occupation of the Islas Malvinas the Argentine government ratified its sovereignty claims over the Malvinas, South Georgia, South Sandwich and adjoining maritime spaces.
The government of the province of Chubut, Argentine Patagonia, formally accused before a court of justice several oil corporations for the crude spill which washed along four kilometers of the provincial coast damaging rich marine resources and limiting tourist industry prospects.
The methanol industry in the extreme south of Chile has announced it will have to appeal to redundancies and an international demand, if Argentina does not resume the supply of natural gas as stipulated in contract clauses, according to company sources.
Beginning Saturday midnight, (Sunday 00:00 Hours) the time in Argentina jumps forward an hour as part of a broad government plan to conserve energy as demand for power surges amid strong economic growth. Clocks will turn back on March 16.
Buenos Aires City will end 2007 with a record 2.3 million tourists, most of them from neighboring countries but also with a significant presence of Europeans and from the rest of Latinamerica.
Repsol-YPF CEO Antonio Brufau and Enrique Eskenazi, Chairman of the Petersen Group, signed Wednesday a binding memorandum of agreement for the acquisition by the Argentine business group of 14.9% of YPF capital stock, according to a release from Repsol.
Boosted by bull-market prices for commodities, record crops and a surge in industrial shipments Argentina's exports in the first eleven months of 2007 equaled the whole of 2006 and for the first time ever crossed the 50 billion US dollars benchmark.
Argentine Central Bank President Martin Redrado announced Wednesday before the Senate that the country's economy will grow 7.2% next year, with inflation averaging between 7 and 11% and exports above 60 billions US dollars.
A huge oil spill has washed to the shore north of Comodoro Rivadavia in Argentine Patagonia, threatening the rich marine life in the area according to reports from the Argentine press.
In spite of the current rough bilateral relation, Argentina is interested in purchasing refurbished F16 fighter bombers which the United States apparently is willing to comply with according to Saturday reports in the Buenos Aires press.