Chile Finance Minister: Argentine Expropriation Wo

April 24 2012, 7:59 AM

Chile's Finance Minister Felipe Larrain ruled out Tuesday the possibility that investors' confidence in Chile will be hurt by neighbor country Argentina's Monday announcement it will nationalize oil-and-gas company YPF SA (YPF). After a monthslong battle, Argentina President Cristina Kirchner said her country will expropriate Spanish company Repsol YPF SA's (REP.MC) main unit and the largest oil-and-gas company in Argentina, YPF, raising concerns among firms with operations in Argentina. "We don't believe [the Argentine situation] will raise concerns over Chile," Larrain said. It is important that Argentina takes footsteps in line "with Argentine laws, international laws and international treaties," Larrain said. Chile state-owned oil-and-gas company Empresa Nacional del Petroleo SA, or ENAP, has invested over $100 million in Argentina, Larrain said. The government will support ENAP's interests in Argentina, Larrain added. He said ENAP's situation isn't going unnoticed by the government.
Read more: Foxnews.com

Other links:Partido Pirata de Chile , Felipe Harboe , Partido Progresista , Osvaldo Andrade , Carolina Tohá , Andrés Allamand , Camila Vallejo , Rodrigo Hinzpeter , Partido Regionalista de los Independientes , José Antonio Gómez , Guillermo Teillier , Fulvio Rossi , Juan Antonio Coloma , Adriana Muñóz D'Albora , Juan Carlos Latorre , Carlos Larraín , Jorge Arrate

0 comments

No comments yet. Be the first one to comment!

Chile approves controversial Copec coal mine

August 13 2011, 8:10 AM

Chile's embattled government on Friday approved a controversial coal mine project in the country's southern Patagonia region, despite strong opposition from environmental groups and local residents. Environment Minister Maria Ignacia Benitez said the government had given the greenlight for the $530 million Mina Invierno project being developed by Minera Isla Riesco, a joint venture between industrial conglomerate Copec's COP.SN and shipping company Ultramar. The approval comes as conservative President Sebastian Pinera is grappling with growing protests against his policies by students, environmentalists and miners.
More information on reuters.com

Other links:
Adolfo Zaldívar , Rodrigo Hinzpeter , Juan Antonio Coloma , Adriana Muñóz D'Albora , Hernán Larraín , Carlos Larraín , Nicolás Eyzaguirre , Sebastián Piñera , Joaquín Lavín , Pablo Longueira , José Antonio Gómez , Juan Carlos Latorre , Evelyn Matthei , José Miguel Insulza

0 comments

No comments yet. Be the first one to comment!

Chile's ex-leader Bachelet favored for new UN body

September 30 2010, 12:40 PM

Chile's former president Michelle Bachelet is the front-runner to head the new U.N. agency to promote women's equality, several U.N. officials said.

When the General Assembly voted unanimously on July 2 to put four existing U.N. bodies dealing with the advancement of women under a single umbrella with more clout, Bachelet was immediately tipped as a possible leader.

But Bachelet, who left the presidency in March after four years with sky-high popularity ratings, initially told U.N. officials she didn't want to lead the new entity, to be known as "UN Women," because she wanted to remain active in Chilean politics, the officials said.

In recent weeks, however, she apparently changed her mind and is now at the top of Secretary-General Ban Ki-moon's list, the officials said, speaking on condition of anonymity because the talks have been private.

More information on foxnews.

Other links:

 

Unión Demócrata Independiente , Partido Regionalista de los Independientes , Renovación Nacional (Chile) , Partido Socialista de Chile , Partido Comunista de Chile , Partido por la Democracia , Partido Radical Socialdemócrata , Partido Demócrata Cristiano de Chile

0 comments

No comments yet. Be the first one to comment!

Most Popular Most Shared NBC's Leno drama mig

January 14 2010, 2:11 PM

SANTIAGO, Jan 13 (Reuters) - Eduardo Frei, the candidate of Chile's ruling center-left coalition, won the endorsement of a former independent candidate on Wednesday, which could raise his hopes of beating the conservative rival tipped to win Sunday's presidential run-off. Former film producer Marco Enriquez-Ominami had polled third in a December first round vote and missed the run-off, triggering a fierce battle between Frei and center-right billionaire Sebastian Pinera to woo his 20 percent support. "Given the uncertainty that the right could block Chile's march toward the future, it is my responsibility to contribute what I can so it doesn't happen," Enriquez-Ominami, the son of a leftist guerrilla leader slain during General Augusto Pinochet's 1973-1990 dictatorship, told a news conference in parliament.
More information on reuters.com

0 comments

No comments yet. Be the first one to comment!

Links

November 2 2009, 4:52 AM

0 comments

No comments yet. Be the first one to comment!

Profile

politicsw
  • 26 years old

Statistics

Entries 8
Comments 0
Page views 381
Last update Apr 24, 2012

Categories