• 6 minutes WTI @ 67.50, charts show $62.50 next
  • 14 minutes Saudi Fund Wants to Take Tesla Private?
  • 18 minutes California Solar Mandate Based on False Facts
  • 54 mins Starvation, horror in Venezuela
  • 2 hours Anyone Worried About the Lira Dragging EVERYTHING Else Down?
  • 8 hours Monsanto hit by $289 Million for cancerous weedkiller
  • 3 mins Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 2 hours Why hydrogen economics is does not work
  • 6 hours Oil prices---Tug of War: Sanctions vs. Trade War
  • 7 hours Correlation does not equal causation, but they do tend to tango on occasion
  • 15 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 6 hours Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
  • 17 hours Merkel, Putin to discuss Syria, Ukraine, Nord Stream 2
  • 14 hours WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 19 hours Saudi Production Cut or Demand Drop?
  • 13 hours Saudi Aramco IPO Seems Unlikely
Why Is Big Oil So Excited About Alaskan Crude?

Why Is Big Oil So Excited About Alaskan Crude?

Alaskan officials have just published…

EIA: U.S. Oil Production Growth Is Slowing

EIA: U.S. Oil Production Growth Is Slowing

The EIA has revised down…

Paraguay, Argentina Dispute Over Shared Hydroelectric Facility

Paraguay and Argentina share interests in the Yacyretá hydroelectric dam.

The tariffs for the power generated by the facility have now become an issue of contention, with Alfonso González Nuñez, head of the Paraguayan delegation at the Mercosur Parliament, Parlasur, insisting that Argentina improve the “reduced” price it currently pays for surplus power from the joint Yacyretá hydroelectric dam.

González Nuñez stated that Paraguayan president Fernando Lugo meet with Argentinean President Cristina Fernandez de Kirchner to resolve the issue, telling journalists, “We would like to see President Lugo strongly demand reliable and trustworthy replies (from President Kirchner) and formal indications that obligations are honored, and hopefully that he does not feel satisfied with rhetoric statements empty of content,” Mercosur press agency reported.

Terms governing the Yaciretá dam date back to 1973, and the contract signed then stipulates that the facility’s power output is shared equally between Argentina and Paraguay, but any surplus electricity can only be sold to the associate (in this case Argentina) at “a reduced cost agreed by the buyer and which is well below spot market rates.”

After extensive and convoluted negotiations Paraguay finally convinced Argentina to treble its annual payments for the surplus electricity from $120 million to $360 million.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News