Our hemisphere has major oil exporters, such as Canada, Mexico and Venezuela; and oil importers, such as the United States, Chile, Uruguay and nearly all the smaller countries in Central America and the Caribbean.
Repsol YPF chairman Antoni Brufau on announcing Tuesday the discovery in Libya of its largest ever oil field and lower profits in 2006, admitted that the company was looking for another shareholder for its Argentine branch YPF.
Gazprom and Brazilian oil company Petrobras have signed last week an agreement on hydrocarbon cooperation, the Russian energy giant revealed in a news release Monday.
Brazilian president Luiz Inacio Lula da Silva will be arriving Monday for a one day fence mending visit to Uruguay where together with President Tabare Vazquez they will be addressing an agenda with several controversial issues
Brazil has named a strong critic of the country's Central Bank strict (and controversial) monetary policy as representative before the International Monetary Fund, IMF, according to a release from the Finance Ministry.
Differences within Mercosur are an inevitable result of deepening relations among its five members, said Brazil's Foreign Affairs minister Celso Amorim interviewed by the Financial Times but admits there might be casualties among junior members dissatisfied with the functioning of the trade block launched in 1991.
Despite ongoing violence that has shaken Rio de Janeiro for months, the Brazilian city on Wednesday said it expects 700,000 tourists for its world-famous Carnival celebrations this year.
Brazil posted a 4.32% of GDP primary surplus in 2006 compared to 4.83% in 2005 revealed the country's Central Bank. The savings are equivalent to 41 billion US dollars.
Brazil will pay about 11% more for natural gas from Bolivia under a deal presidents Lula da Silva and Evo Morales signed Thursday in Brazil and that could resolve a year of tense relations between the South American nations.
Brazilian state oil company Petrobras said yesterday fourth-quarter profit fell 36 percent, hit by higher production costs that its chief executive said were worrisome.