Argentina

• Wednesday, June 12th 2019 - 08:30 UTC

  Exxon-Mobil begins long term development of oil and gas in Argentina's Vaca Muerta shale deposits

  

  ExxonMobil said on Tuesday it will proceed with a long-term oil and natural gas development project on a block in Argentina, targeting the Vaca Muerta shale play. The US-based company plans to drill 90 wells to take production to 55,000 b/d of oil equivalent in five years from the Bajo del Choique-La Invernada block in the Neuquen Basin in the country's southwest, the company said in a statement.

• Wednesday, June 12th 2019 - 07:54 UTC

  Argentina grain exporters ready to replace the US as main supplier of Mexico

  

  If trade strife continues between the United States and Mexico despite a deal struck on Friday, Argentine grain exporters are ready to step in to meet Mexican food demand, the head of an Argentine industry chamber said.

• Tuesday, June 11th 2019 - 20:47 UTC

  Argentina: Macri shocks everyone by picking Peronist Pichetto for VP spot

  

  Argentina's incumbent President Mauricio Macri has announced Tuesday he chose Senate Majority (and opposition) Leader Miguel Ángel Pichetto as his running mate for this year's elections.

• Tuesday, June 11th 2019 - 09:43 UTC

  Buenos Aires ceremony to recall Malvinas rights Affirmation Day

  

  Argentina commemorated on Monday in downtown Buenos Aires the Day of the Affirmation of Argentine rights over the Malvinas and South Atlantic Islands in a ceremony to honor the former combatants of the 1982 South Atlantic conflict.

• Tuesday, June 11th 2019 - 09:36 UTC

  Argentine homosexual bishop criminally charged for sexually abusing seminarians

  

  A homosexual bishop from Argentina undergoing a canonical trial has been criminally charged with sexually abusing seminarians. The prosecutor's office in the Argentine province of Salta publicized the formal charge on Friday. Bishop Gustavo Zanchetta could be facing three to 10 years in prison for “aggravated continuous sexual abuse committed by a minister of a religious organization.”

• Tuesday, June 11th 2019 - 09:19 UTC

  President Macri and Cristina Fernandez share similar high rejection levels

  

  As the date approaches (end of June) for all political groupings in Argentina to have their hopefuls nominated and ready to compete in the August open, mandatory and simultaneous primaries for each party to select their candidates for the presidential election next October, spotlights are following the polarized scenario with Cristina Fernandez and her presidential candidate on the one side, and president Mauricio Macri's reelection strategy on the other.

• Tuesday, June 11th 2019 - 07:18 UTC

  Argentina recalls the Day of Affirmation of its Rights over the South Atlantic Islands

  

  Argentina recalled on Monday, 10 June, a new anniversary of the creation in 1829 of the “Political and Military command headquarters of the Malvinas Islands and adjacencies to Cape Horn in the Atlantic Sea”, and which has been incorporated to the official calendar as the Day of Affirmation of Argentine Rights over the Malvinas, South Georgia and South Sandwich Islands and its surrounding maritime spaces.

• Monday, June 10th 2019 - 09:24 UTC

  Brazil will supply Argentina with German built submarines in need of repair

  

  Brazil will be supplying the Argentine navy with four IKL German manufactured submarines, two at a time, which are in need of repair and refurbishment before they become operational, and also help with the training of personnel for the vessels.

• Saturday, June 8th 2019 - 22:19 UTC

  Argentina: Overprices of up to 90% in sales to Venezuela detected

  

  Inconsistencies were found in binational businesses for overpricing and irregular billing for more than 20,000 million dollars between Venezuela and Argentina. According to a report from the General Syndicature of the Nation (Sigen), which was accessed by the newspaper La Nación, between 2012 and 2016 at least 15 Argentine companies would be involved in the escrow between the two countries.

• Saturday, June 8th 2019 - 09:53 UTC

  Brazil central bank denies plans for a monetary union with Argentina

  

  Brazil’s central bank has denied any planning is underway to create a monetary union with Argentina, after a spokesman for the government in Buenos Aires said on Thursday it was the case.