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Venezuela still mulls fuel price hike, takes hit on oil fall

Venezuela is still considering raising its domestic fuel prices that are currently the world’s cheapest. The nation is hurting from the plunge in global oil prices since it receives 96 percent of its foreign currency revenues from oil. According to President Nicolas Maduro the country has lost 30 percent of its dollar revenues in the…

Caribbean Biological Corridor, signature of a tripartite agreement

An agreement was signed between Haiti, Cuba and the Dominican Republic in order to carry out rehabilitation activities in degraded areas and to undertake work having impacts on the improvement of the quality of life. The agreement is for a period of 3 years. by Haiti Libre, November 15, 2104 At the end of the…

Enel Looks To Distribution, Renewables For Latin American Growth

Enel SpA, Italian utility, wants to focus on electricity distribution and renewable energy as it increases its investment in Latin America’s growing markets. The group has slowly been shifting attention away from Italy and Spain as it focuses on Latin America’s emerging markets and their abundant resources. by Rosalba O’Brien and Antonio De la Jara, Business…

Japanese company to help region ‘save energy and save money’

The director general of Latin America and the Caribbean department at JICA, Takano Takeshi, says that projects are being developed  to co-finance renewable energy and energy efficiency initiatives. The projects are being financed by the Caribbean Development Bank, Inter-American Development Bank and JICA. by Richard Lord, Trinidad and Tobago Guardian, November 14, 2014 Takano Takeshi, director general…

China to invest up billions in Mexico energy sector

A $14 billion investment in Mexico’s energy, mining, infrastructure, telecom and tourism sectors has been created with 14 cooperation agreements signed between Mexico and China. The agreements were made during Mexican President Enrique Peña Nieto’s visit to China to attend the APEC summit. by Utility Products, November 14, 2014 Mexico and China have signed 14…

Mexico’s Pemex Considers Sukuk Sale to Lure Muslim Investors

Pemex is considering the sale of the Islamic-compliant bonds known as sukuk. A date and amount has yet to be set, but it will be the first sukuk out of Latin America. by Isabella Cota, Bloomberg News, November 14, 2014 Petroleos Mexicanos is considering a sale of the Islamic-compliant bonds known as sukuk, courting Muslim investors…

Venezuelan Oil Ports Struggle to Handle Tanker Arrivals

Venezuelan oil ports are overwhelmed as they struggle to load and unload cargoes on time. PDVSA is offering to buy up to 2.4 million barrels of gasoline and ultra low-sulfer. The new offers combined with ten oil and fuel orders from October are causing the traffic at the ports. by The Maritime Executive, November 13,…

Mexico’s Pemex inks $10 bln credit line with China’s ICBC for oil projects

Pemex has created a line of credit with Chinese bank ICBC. The credit line will be used for exploration and production projects as well as offshore acquisitions. by David Alire Garcia, Reuters, November 13, 2014 Nov 13 (Reuters) – Mexico’s state-owned oil company Pemex has inked an initial line of credit for exploration and production projects…

Firebrand at the Railroad Commission

Firebrand at the Railroad Commission

Texas Railroad Commissioner David Porter has made controversial statements on lax security along the U.S.-Mexico border and on Russia manipulating the international gas market over the last few months. The commissioner wants U.S. Customs and Border Protection to take steps in order to stop terrorists from the Islamic State and al-Qaeda from crossing into the…

Trinidad and Tobago, Chile to Expand Energy Ties

Trinidad and Tobago is looking at cooperation with Chile through the energy sector in order to boost projects of mutual interest. by Prensa Latina, November 11, 2014 Port of Spain, Nov 11 (Prensa Latina) Trinidad and Tobago and Chile look to expand their cooperation in the energy sector through initiatives to boost projects of mutual…

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