Three pipeline groups are racing for Azeri gas supplies as Baku plans to deliver as much as 350 billion cubic feet of natural gas per year from its Shah Deniz-2 project in the Caspian Sea through whichever project it picks.

Groups managing the Nabucco, the Interconnector Turkey-Greece and the Trans Adriatic Pipeline projects have submitted proposals to Azerbaijan.

Argentine government is thinking over nationalizing the oil company YPF, managed since 1999 by Repsol.

The Latin American Integration Association, ALADI, informed that Mexico and Peru have signed a commercial agreement in order to promote and diversify their bilateral trade.