A strip of Venezuela's western coastline boasting pristine beaches and fragile ecosystems such as mangroves and coral reefs could take more than half a century to fully recover from the environmental impacts of a recent oil spill, a researcher said.
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.