Via IPS News, an in-depth report on the growing influence of PDVSA in Central America, Cuba, the Dominican Republic and islands in the eastern Caribbean who are receiving more and more oil from Venezuela, while major refineries are planned in South America — at Pernambuco in northeastern Brazil, and at El Aromo, on Ecuador’s Pacific […]
Read more »From The Financial Times, news that Pan American Energy – the second largest oil and gas producer in Argentina – has announced the country’s biggest hydrocarbons discovery in recent years and a $1bn investment programme – music to the ears of a government grappling with serious energy and power shortages resulting from President Cristina Fernández […]
Read more »Stratfor (subscription required) recently reported that Argentine and Bolivian leaders kicked off the $1.8 billion Northeast Argentine Pipeline (GNEA) project in Buenos Aires on Jan. 25. While this has important ramifications for the South American hydrocarbon picture, Stratfor insightfully notes that this is just another harbinger that the geopolitical structure of South America is changing: […]
Read more »As noted in Xinhua earlier this month, Bolivia, Argentina and Venezuela signed an accord to create the Organization of Gas Producing and Exporting Countries of South America (Opegasur), which is aimed at consolidating their energy alliance. “…The three presidents inked the commitment memorandum for the exploration and exploitation of fossil fuels in the Bolivian provinces […]
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