Investments

Tuesday, April 24th 2012 - 03:57 UTC
YPF nationalization bill does not contemplate compensations, says Kirchnerite Senator

Senator from the Argentine ruling majority and former cabinet chief, Aníbal Fernández assured that the government “will pay the real price for the expropriation of YPF and not what Repsol’s chairman (Antonio Brufau) wants.”
Tuesday, April 24th 2012 - 01:51 UTC
Colombia offers to mediate in the YPF conflict between Argentina and Spain

Colombia is available to mediate between Spain and Argentina to find a solution to the dispute over the seizure of YPF from Repsol, said Colombian Vice-president Angelino Garzón.
Tuesday, April 24th 2012 - 01:23 UTC
Spain’s Repsol threatens companies investing in seized YPF with legal actions

Spain’s main oil corporation Repsol warned it could take legal action against companies that invest in YPF after Argentina seized control of the Spanish company's energy unit last week.
Monday, April 23rd 2012 - 09:37 UTC
Gas condensate discovered in Falklands South basin in first well drilled by B&SP

Borders & Southern Petroleum Plc energy explorer operating in the Falkland Islands announced on Monday the discovery of gas condensate in the first well drilled to a depth of 4.867 meters.
Monday, April 23rd 2012 - 09:33 UTC
YPF seizure approved by 62% of Argentines, according to opinion poll

The recent decision by President Cristina Fernandez to seize a majority stake in YPF from Spain’s Repsol has the approval of 62% of Argentines, while 23% disagree according to a public opinion poll from Poliarquía published in the Sunday edition of La Nacion.
Sunday, April 22nd 2012 - 23:01 UTC
Argentine seizure of YPF will be addressed at the June G20 meeting in Mexico

The Argentine government decision to nationalize Spain’s Repsol owned YPF will be discussed in June in Los Cabos, Mexico, during the G-20 summit.
Sunday, April 22nd 2012 - 22:54 UTC
Foreign Office sends letter of support to companies active in Falklands threatened by Argentina

The British government, in a move designed to ease concern among the investment community about the Argentine legal threats, has written to some 15 banks and oil exploration companies operating in the region, reports the Daily Telegraph.
Saturday, April 21st 2012 - 07:31 UTC
Astori tells Spanish businesses “Uruguay, an attractive and safe” country for investors

Vice president Danilo Astori currently on a business trip to Spain described Uruguay as an “attractive and safe” country to invest given its macroeconomic solidness, strength of its institutions and stimuli for investors, both domestic and from overseas.
Saturday, April 21st 2012 - 07:13 UTC
EU parliament deplores YPF seizure; calls for an end to Argentina trade preferences

The European parliament ‘deplored’ the Argentine government decision to expropriate a majority control in the YPF hydrocarbons corporation - which is owned by Spanish energy company Repsol- and called for the suspension of Argentina's tariff concessions under Europe's so-called generalised system of preferences (GSP). In a resolution, the House also urges Argentina to ”return to the path of dialogue and negotiation”.
Saturday, April 21st 2012 - 06:57 UTC
Uruguay and Brazil agree to jointly develop and expand wind power

Uruguay and Brazil agreed this week to jointly set up a 100MW wind farm in Uruguayan territory demanding an investment of 200 million dollars and which should become operational by 2013.