Investments

Wednesday, February 9th 2022 - 09:55 UTC
Xiaomi to assemble cell phones in Tierra del Fuego

Just a couple of days after the meeting between President Alberto Fernández and Xi Jinping, it was announced that the Chinese cell phone manufacturer Xiaomi will start producing some of its models in Tierra del Fuego and will expand its network of retail stores throughout the country.
Tuesday, February 8th 2022 - 09:37 UTC
2021 was a good year for foreign direct investment in Chile, the highest since 2015

Foreign Direct Investment, FDI, in Chile during the twelve months of 2021 reached US$ 16,782 billion, the best amount since 2015, according to the Central bank which added it represented a 95% increase over 2020. Overall it was 62% higher than the average of the last five years, and 16% above the 2003/2021 average.
Monday, February 7th 2022 - 20:14 UTC
Argentina's YPF to invest US $ 90 million in solar energy

Argentina's Cabinet Chief Juan Manzur Monday presided over the ceremony during which the State-run oil company YPF announced it will invest U$S 90 million to develop a solar energy park in Ullum, in the province of San Juan, where radiation suits best these type of undertakings.
Saturday, February 5th 2022 - 13:28 UTC
Argentina closer to producing Sinopharm vaccine locally

Argentine President Alberto Fernández and directors of the Chinese laboratory which produces the Sinopharm COVID-19 vaccine met Friday in Berlin in another stop of the head of state's tour.
Wednesday, February 2nd 2022 - 11:58 UTC
Falklands' Sea Lion project, Rockhopper, Harbour and Navitas extend heads of terms to 31 March 2022

Rockhopper Exploration, Harbour Energy, and Navitas Petroleum have extended the provisions of their previously signed heads of terms concerning the Sea Lion project offshore the North Falkland Basin. The new deadline is March 31, 2022: the aim is to sign definitive documentation on the transaction by this date. Harbour plans to exit operations offshore the Falklands, leaving the other two partners to take the development forward.
Tuesday, February 1st 2022 - 21:38 UTC
China to help Argentina build new nuclear power plant

Argentina's National Committee of Atomic Energy (CNEA) and the Chinese National Nuclear Corporation (CNNC) Tuesday signed a contract for the construction of the Atucha III Nuclear Power Plant, it was announced.
Tuesday, February 1st 2022 - 09:55 UTC
Repsol ordered to stop loading or unloading crude in Peru's Pacific waters

Peruvian authorities Monday ordered Spanish oil company Repsol to stop loading and unloading crude oil on ships after a spill in January has caused a major environmental crisis in the Pacific Ocean off the province of Callao near Lima.
Tuesday, February 1st 2022 - 09:55 UTC
Britain helping the Pasteur Institute of Montevideo with a Covid-19 genome-sequencing project

The British government and the Pasteur Institute of Montevideo, Uruguay, have announced they will be working jointly in an agreement that will help advance the genome-sequencing of Covid-19 project, through techniques under development in Uruguay, using British technology, and thus providing this capacity to several countries in the region.
Friday, January 28th 2022 - 09:45 UTC
YPF granted loan to boost clean energy developments

Argentina's state-run oil company YPF has been granted a US $ 300 million loans, which “shows the confidence of the markets in the results obtained by the company in 2021,” it was announced.
Friday, January 28th 2022 - 09:34 UTC
With help from Iran and China, Venezuela recovering part of its production

By Felicity Bradstock for Oilprice.com – Venezuela appears to be following in Iran’s footsteps by starting to ignore U.S. sanctions on its oil industry to once again develop its substantial crude reserves. After years of stalling and losing out on international investment as well as vital revenues, Venezuela looks to be set to increase its oil production, fostering relationships with key export markets that are willing to risk U.S. retaliation to the move.