Investments

Thursday, March 3rd 2011 - 05:23 UTC
Argentine/Chinese corporation buys Exxon downstream assets in Mercosur

Pan American Energy has agreed to buy an oil refinery and more than 700 service stations in Argentina, Paraguay and Uruguay from Exxon Mobil Corp for which it will be paying an estimated 850 million US dollars.
Wednesday, March 2nd 2011 - 06:12 UTC
Tokyo Sky Tree with 601 meters became the world’s highest self-standing tower

Tokyo Sky Tree, under construction in Tokyo, topped the 600-meter mark Tuesday, becoming the world’s highest self-standing tower nearly two years and seven months after the construction began in July 2008, the operator said.
Tuesday, March 1st 2011 - 18:40 UTC
Brazil’s Embrear becomes the world’s leading executive-jet manufacturer

Brazilian executive-jet maker Embraer boosted by domestic demand, became in 2010 the number one world company in sales totalling 145 units and 19% of the global market.
Tuesday, March 1st 2011 - 16:41 UTC
TAM ordered 34 aircraft in anticipation of strong growth demand in Brazil

TAM, Brazil's largest airline has ordered 34 aircraft to renew its fleet as it expands operations in its home market and overseas. The operation involves 3.2 billion US dollars and includes 32 A320 Airbus (156/174 seats) and two Boeing 777-300ERS (365 seats).
Sunday, February 27th 2011 - 23:14 UTC
China plans to build 45 new airports in the next five years

China plans to build at least 45 new airports in the next five years to serve booming travel, the top industry regulator said last week.
Sunday, February 27th 2011 - 23:08 UTC
ANCAP contracts 50.000 km areo-magnetic survey of the Uruguayan offshore

Uruguay government owned oil company ANCAP contracted the international company Fugro for the provision of geophysical services covering a complete aero-magnetic survey of the River Plate area and Atlantic Ocean where Uruguay is about to launch a hydrocarbons exploratory round.
Saturday, February 26th 2011 - 02:54 UTC
Uruguay and Argentina agree to build floating re-gasification plant

Uruguay and Argentina signed on Friday an agreement to build a re-gasification plant for liquid natural gas to help meet their energy needs. The floating re-gasification plant will supply the two nations with 10 million cubic meters a day of natural gas, scalable to 15 million, starting in 2013 according to an official statement.
Friday, February 25th 2011 - 21:29 UTC
China Sinopec completes take over of US Occidental Petroleum assets in Argentina

China Petrochemical Group (Sinopec), China's largest oil refiner announced this week that U.S. Occidental Petroleum Corp. (NYSE:OXY) had completed handing over its Argentinean assets to it.
Friday, February 25th 2011 - 06:33 UTC
China will participate in Brazil’s next oil and gas bidding round

China's Sinopec Corp said it planned to participate in Brazil's next oil and gas bidding rounds, which should be resumed after the passage of a reform of the country's oil law expected this year.
Friday, February 25th 2011 - 01:04 UTC
India pledges greater economic cooperation and trade with Uruguay

India pledged on Thursday greater economic cooperation with Uruguay in sectors such as agriculture, pharmaceuticals, textiles, automobiles, machineries and IT. In 2009-10, bilateral trade stood at 64.3 million US dollars.