Paraguay Hopes to Join Petroleum Producers Club after Large Oil Find
A large oil discovery has been made in the Chaco region and Paraguay could join the petroleum producers club in 2013, President Federico Franco said.
“Paraguay is a country full of opportunities. Next week, Tuesday, if God allows, we are going to the Chaco. Petroleum has been found in the Pirity basin and of the best quality, and in abundant quantities,” Franco told a group of Brazilian businessmen on Monday.
Initial studies have been conducted and “certainly by April, May, June of next year” Paraguay will join “the countries that produce petroleum,” the president said.
Crescent Global Oil and Pirity Hidrocarburo, which are exploring for oil in the Chaco region, expect to begin drilling in December, the official IP news agency reported.
The Chaco, Paraguay’s westernmost region, is arid, sparsely populated and home to vast cattle ranches.
Paraguay and Bolivia fought for control of the region in the bloody 1932-1935 Chaco War, which left 100,000 dead, most of them from malaria and lack of water.
Paraguay has been searching for crude in the region for decades in an effort to cut its dependence on foreign oil.
The South American country has large energy resources, thanks to the two hydroelectric projects it shares with Brazil and Argentina on the Parana River, but most of the electricity produced goes to its neighbors in exchange for economic compensation.
Published in Latino Daily News
2012-11-27 23:02:56
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,746,406 |
| Stories: | 8,451,208 |
Whistler Blowers, Insiders
