Energy & Oil

• Tuesday, April 17th 2012 - 03:03 UTC

  YPF takeover: “Dreadful decision for Spain, for Argentina and terrible for legal security”

  

  The Spanish government condemned Argentina’s announcement over the expropriation of YPF, calling it a “discriminatory” and “arbitrary” decision, and stated that it will adopt any measures deemed necessary to defend the interests of Repsol and every other Spanish company.

• Tuesday, April 17th 2012 - 00:28 UTC

  US candidate Dr. Kim chosen World Bank president; takes office next July

  

  US nominee Jim Yong Kim has been chosen as the new president of the World Bank. The Korean-American health expert, president of Dartmouth College faced a strong challenge for the post, which has traditionally gone to an American, from Nigerian Finance Minister Ngozi Okonjo-Iweala.

• Monday, April 16th 2012 - 21:48 UTC

  Argentina sends bill to takeover control of YPF from Spain’s Repsol

  

  Argentine President Cristina Fernández de Kirchner sent to Congress a draft bill to expropriate Spain’s Repsol’s holdings of YPF oil and gas company. The announcement was made on Monday at the Government House during a sudden meeting with officials, political leaders, unionists and businessmen.

• Monday, April 16th 2012 - 06:02 UTC

  Uruguay became prisoner of Argentina, when it rejected a free trade accord with the US

  

  Uruguay has fallen prisoner of Mercosur and Argentina because it did not sign the free trade agreement with the United States which was offered to the country in the previous government of Tabare Vazquez, said two-times President Julio Maria Sanguinetti.

• Monday, April 16th 2012 - 04:55 UTC

  Obama confirms at the summit US neutrality on the Falklands/Malvinas question

  

  The US will remain on the sidelines in the dispute between the UK and Argentina over the Falkland Islands sovereignty, said President Barack Obama on Sunday at the conclusion of the Summit of the Americas in Colombia.

• Sunday, April 15th 2012 - 21:56 UTC

  YPF dispute in calmer waters: Argentina yields and Repsol CEO calls for dialogue

  

  The CEO from Spain’s main oil corporation Repsol, Antonio Brufau said that there should be no speeches or attempts to impose, but rather more dialogue, in direct reference to the ongoing conflict with the Argentine government over the possible takeover of the YPF branch.

• Sunday, April 15th 2012 - 16:01 UTC

  Rousseff blasts rich countries “monetary flooding”: marks difference between defending and protecting

  

  Brazilian president Dilma Rousseff staunchly defended Latin American integration as she took part of the CEO forum at the 6th Summit of the Americas in Cartagena de Indias, Colombia. She blasted rich countries over their so called “monetary flooding” because it attempts against the industrialization of emerging nations.

• Sunday, April 15th 2012 - 05:31 UTC

  Spain feels conflict with Argentina over YPF “seems to be getting back on course”

  

  In the last 48 hours “things seem to be getting back on course” said on Saturday Spain’s Minister of Industry Jose Manuel Soria in reference to the ongoing conflict with the Argentine government over the possible take over of YPF, the Argentine affiliate of Spain’s Repsol.

• Sunday, April 15th 2012 - 04:34 UTC

  Obama and CFK leave trade issues aside and want to continue as ‘friends and partners’

  

  President Cristina Fernández and US President Barack Obama agreed to work upon trade differences “which in no way conform the central aspects of the bilateral relationship” during their Saturday afternoon half hour meeting with an “open agenda” at the 6th Summit of the Americas hosted by Colombia.

• Sunday, April 15th 2012 - 03:41 UTC

  The 1964 “Made in Brazil” coup and US contingency support-plan if the plot stalled

  

  Do friendly countries make contingency plans for landing Marines in the big cities of other friendly countries? Even if it’s only to be done in a worthy cause—like supporting a military takeover of a democratically-elected government? During the recent trip to Washington of Brazilian President Dilma Roussief there was a public effort by both sides to “accent the positive” but perhaps there should have been some hard questions behind closed doors.