• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 7 hours EU has already lost the Trump vs. EU Trade War
  • 59 mins Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 13 mins Science: Only correct if it fits the popular narrative
  • 3 hours ''Err ... but Trump ...?'' *sniff
  • 39 mins China's Renewables Boom Hits the Wall
  • 59 mins What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 6 hours Tesla Launches Faster Third Generation Supercharger
  • 15 hours Who writes this stuff? "Crude Prices Swing Between Gains, Losses"
  • 7 hours Passerby doused with flammable liquid and set on fire by peaceful protesters
  • 5 hours Crazy Stories From Round The World
  • 1 day Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire

Breaking News:

Russia Plans To Boost Crude Oil Exports

Oil Prices Fall On Bearish EIA Inventory Report

Oil Prices Fall On Bearish EIA Inventory Report

Oil pared gains on Thursday…

Icahn: Occidental Won't Hit Target Without Asset Sale

Icahn: Occidental Won't Hit Target Without Asset Sale

Activist investor Carl Icahn has…

Uruguay Upset with Argentinean Energy Policy

The Uruguayan government is upset with the administration of Argentinean President Cristina Fernandez because it has delayed authorization for Paraguayan electricity to transit Argentinean territory to energy-poor Uruguay.

Montevideo will continue to press to obtain the authorization, but pragmatists in the Uruguayan government have admitted off the record that it does not expect permission to be granted during the southern hemisphere’s winter season because of current high levels of energy consumption.

Speaking on condition of anonymity a Uruguayan government official labeled Argentina’s actions as an unjustified "blockade" without a legal basis, Montevideo’s El Observador reported.

Uruguayan analysts speculate that the dispute was one of the main reasons why President Fernandez did not attend the recent Mercosur summit held in Paraguay, but the Argentinean Planning Ministry denied it.

Uruguay’s El Observador reports that Uruguay currently has no energy "deficit" and therefore does not depend on energy imports to meet its domestic electricity demand and that Uruguay will not file a complaint with Mercosur's tribunal for the settlement of controversies, as there are currently no Mercosur regulations that relate to the impasse. Seeking to diversify its energy options, Uruguay’s state owned power company UTE has recently been discussing partnering with Brazil’s Eletrobras over jointly investing in wind farms in the region.

By. Charles Kennedy, 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
Download on the App Store Get it on Google Play