Investments

Tuesday, May 24th 2011 - 22:04 UTC
New York Times says sacrificing Chilean Patagonia for a power is an irreparable mistake

The New York Times has joined the Aysén region project controversy in Chilean Patagonia which was recently approved but has triggered massive protests from environmentalists and an overwhelming rejection from the majority of the population according to public opinion polls.
Tuesday, May 24th 2011 - 06:39 UTC
Korean conglomerate LGI secures oil block in southern Chile

GeoPark oil and gas company with operations in Latin America announced in a joint release the definitive sale of oil and gas exploration and production blocks in the south of Chile to the Korean conglomerate LG International Corporation.
Monday, May 23rd 2011 - 06:04 UTC
Colombia’s oil company makes new discovery; plans to drill another ten wells in the block

Colombian state oil company Ecopetrol said it made a new discovery at a well in the south-eastern Caño Sur block, of which the company is the sole owner and operator.
The Mito-1 exploratory well yielded an average of 200 barrels per day of heavy oil in initial testing, Ecopetrol, which plans to drill another 10 wells at that block in the near future, said.
Sunday, May 22nd 2011 - 22:46 UTC
Argentina and Peru main recipients of Chilean investments in services sector

Argentina and Peru are the top recipients of Chilean overseas investments in the service sector according to report released last week covering a two decade period from 1990 to 2010.
Saturday, May 21st 2011 - 09:14 UTC
US processor building 180.000 tons storage grain terminal in Uruguay

US agricultural processor Archer Daniels Midland Co said this week it was building a grain export terminal in Nueva Palmira, Uruguay, capable of loading large bulk shipments of corn, wheat, soybeans and soy-meal.
Friday, May 20th 2011 - 10:24 UTC
Uruguayan airline Pluna planning to open new domestic routes in Chile

For years LAN Chile has dominated the Chilean airways, but recent reports suggest Uruguayan based airline Pluna is hoping to open up new domestic flights within Chile, increasing the competition already offered by Sky airlines and PAL airlines.
Friday, May 20th 2011 - 01:07 UTC
Falklands’ oil exploration companies expand early 2012 drilling program

Borders & Southern Petroleum has extended a contract for exploratory drilling in Falkland Islands waters to include at least another two wells, it was announced on Thursday by parties involved.
Thursday, May 19th 2011 - 07:30 UTC
Uruguay makes presentation in Seoul to attract Korean investors

Uruguay’s sound economic and stable political environment were underlined by the country’s Deputy Minister for Public Works and Transport during a high level business forum to attract investors to Latin American which was held in the capital of South Korea, Seoul.
Thursday, May 19th 2011 - 07:16 UTC
Brazil’s purchase of 36 fighter jets will be made in 2012 says Rousseff

Brazilian President Dilma Rousseff revealed this week that the purchase of 36 fighter jets for the country's Air Force and involving billions of dollars but which has been postponed for years will be made in 2012.
Wednesday, May 18th 2011 - 16:46 UTC
Argentina’s poor cousin? Not Uruguay

The following piece by Jude Webber writing for the Financial Times explains the different approach by the two neighboring countries to the windfall earnings of the commodities boom.