
Germany’s Wintershall sealed a 150 million dollar unconventional exploration contract with the Argentine province of Neuquén’s owned Gas y Petroleo de Neuquén to search for oil in the Vaca Muerta formation. The agreement could later be extended to 3.35bn.

Argentina’s trade balance collapsed 60% during August compared to a year ago because of stagnant exports and the doubling of energy imports according to the latest release from the government’s stats office, Indec.

The new Argentine ambassador before the Organization of American States, OAS, former Defence and Home Security minister Nilda Garré begins her diplomatic job with a main line of action: ‘claiming the Malvinas Islands sovereignty” and the “resumption of negotiations with the UK”.

Argentine president Cristina Fernandez is scheduled to address the United Nations General Assembly in New York on Tuesday and according to the official agenda has several appointments with political leaders and business representatives.

Argentines expect an inflation of 30% for the next twelve months despite a slight deceleration in prices which consumers admit in some periods of the current year according to the findings from the Di Tella University.

Japanese car maker Toyota Motor Corp. plans to invest 800 million dollars to boost production capacity at a factory in the province of Buenos Aires. The plan unveiled by Argentine Industry Minister Debora Giorgi will almost double the size of the factory and allows to increase vehicle output to 140,000 units a year from 92,000 currently.

Argentina’s Hector Timerman and Brazil’s new Foreign minister Luiz Alberto Figueiredo Machado discussed a long agenda of common interest issues during a work meeting held in Buenos Aires, which included Mercosur, trade discussions with Europe, Unasur, Haiti and US cyber-spying in the region among other issues.

The government of President Cristina Fernandez has given another step towards the state control of the Argentine railway system, following the nationalization of three other lines which connect the City of Buenos Aires to the provinces of Tucumán and Córdoba, passing through Santa Fe and Santiago del Estero provinces.

Uruguayan Senator and presidential hopeful Constanza Moreira has clarified some of the concepts attributed to her relative to the Malvinas Islands and alleged Uruguayan sovereignty rights, which received extensive coverage in the Montevideo media and had repercussions in Argentina.

The new Permanent Representative of Argentina to the Organization of American States (OAS), Nilda Garré, presented credentials that accredit her to the hemispheric institution, during a ceremony held at the OAS headquarters in Washington, D.C.