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ID:
119857
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2012.
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| Summary/Abstract |
Chubut, Argentina-In mid-June, at the onset of winter in the Southern Hemisphere, a gang of burly, masked construction workers took over Cerro Dragón, an oil and gas field 15 times the size of Buenos Aires and Argentina's most important source of hydrocarbons. Some 500 members of a union nicknamed the Dragons wrecked offices, spray-painted seditious messages on buildings, and barricaded access routes with torched cars in a scene Pan American Energy's chief executive Oscar Prieto compared to battle-scarred Baghdad. The disarray forced Pan American-majority-owned by oil giant BP, with China's CNOOC holding a 20 percent share-to halt production in the field for the first time in its more than 50 years of operations. The threat was calculated to irk a government already spending heavily on imported energy and that has demonstrated its willingness to take over companies.
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| 2 |
ID:
106431
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2011.
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Bagua Grande, Peru-Daylight had not yet broken on a remote road outside this small city in the heart of the Amazonian rainforest of northern Peru. But along the narrow strip of highway-known to locals as the Devil's Curve-thousands of protesters were huddled. Most were members of indigenous tribes. It was June 5, 2009, and they had been blocking the highway for two months.
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| 3 |
ID:
119858
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2012.
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| Summary/Abstract |
Buenos Aires-Only in Argentina. Porsche exports olives and Malbec wines. Mitsubishi has a hand in peanuts, and BMW, after an eight-month hiatus from Argentina, agreed last October to swap rice, leather, and auto parts.
Argentina's tough import restrictions, designed to help the central bank maintain a stable exchange rate by controlling the amount of foreign currency in circulation, require companies to send out as much as they bring in. Since her re-election in October, President Cristina Fernández de Kirchner has forced companies to repatriate profits and pay higher taxes on imported materials, interrupting the production chain and reducing trade, according to a July note by Goldman Sachs.
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