Tuesday, April 15, 2014
A Hong Kong-based energy company has been granted a license for what would be a major new power project in Jamaica. Energy Minister Phillip Paulwell announced Tuesday that Energy World International was granted a license to supply 381 megawatts of gas-fired generating capacity to the Caribbean island’s grid.
Argentine oil company YPF and U.S. energy supermajor Chevron Corp. plan to invest $1.6 billion this year to develop non-conventional oil and gas reserves in the Loma Campana area, part of the massive Vaca Muerta shale formation.
Peruvian President Ollanta Humala at the end of his three day visit to Canada was honored in Toronto by the Canadian Council of the Americas with the “Statesman of the Year” annual award. On thanking the award President Humala said that Peru during this year is expected to expand over 5.5% while investment is set to increase by 8%.
China's Foreign minister Wang Yi will be travelling to Cuba, Venezuela, Argentina and Brazil from 18 to 27 April. The round comes two months ahead of Chinese president Xi-Jinping visit to Brazil for the BRICS summit next July in the northeastern city of Fortaleza. BRICS stands for Brazil, Russia, India, China and South Africa.
The mine is expected to produce more than 450,000 tonnes of copper a year in its first five years. China relies heavily on the metal, which is used in electronics production.