CNPC to invest $2B in Peru’s Block 58

May 25, 2017 0

China’s state-owned oil company, CNPC, is planning to move ahead of the development of Peru’s Block 58, in the country’s south-eastern jungle, with investments of $2 billion between 2021 and 2023.

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Argentina to drop import duty on used oil equipment

May 25, 2017 0

In a bid to boost investment in its vast unconventional reserves in the Vaca Muerta play, the Argentinean government will reduce the import tariff on used oil and gas exploration and drilling equipment, Kallanish Energy learns.

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Petrobras eyes crude exports growth of 47.5%

May 25, 2017 0

Brazil’s state-run oil company Petrobras expects its crude exports to grow by 47.5% in 2021, while production should increase by 33.8% in the same period, company’s executive manager Guilherme Franca said on Wednesday.

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Brazil’s Lula faces new corruption charges

May 23, 2017 0

Brazilian prosecutors on Monday charged former president Luis Inacio Lula da Silva and other 12 individuals for corruption and money laundering related to a property claimed to be given to Lula as bribery.

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Argentina, China sign contract for two reactors

May 19, 2017 0

China will supply Argentina with two nuclear power reactors, the contract one of 19 agreements signed this week in Beijing during a meeting of Chinese president Xi Jinping and Argentinean president Mauricio Macri.

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