Tuesday, August 10, 2004

Block 64 Drilled: BNAmericas, Dow Jones, Reuters and the end of this Bloomberg piece report that "North American oil companies Occidental Petroleum Corp., Amerada Hess Corp., and Talisman Energy Inc. agreed Monday to invest $50 million to drill for oil in [Block 64 in Loreto] despite fierce resistance from indigenous groups and environmentalists." (BNAmericas and Dow Jones also note that Occidental "signed a contract with the Peruvian government to explore and develop Block 103.") This "marks the return of major oil companies to Peru, which is trying to win foreign investment to develop its energy fields buried deep beneath the rain forest." NOTE: Un-named conservationists and local Achuar tribes say "oil exploration and exploitation will damage one of the world's most biodiverse tropical habitats and destroy indigenous cultures that have minimal contact with the outside world. ... Burlington Resources Inc. pulled out of Block 64 in December because of indigenous resistance." ALSO: The contract is "to exploit 2,357,385 acres (954,000 hectares)" and drilling began on August 2. CITED: Reuters names Jorge Perez Taiman (Occidental) while Bloomberg names Barbara Betanski (Desjardins Securities), Donald Lipinski (Occidental Petroleum Corp.) and David Mann (Talisman).

Nuke Devices Stolen, cont.: The Houston Chronicle and the Washington Post summarize yesterday's Associated Press story on the stolen nuclear devices.

War of the Pacific, cont.: MercoPress reports that Prime Minister Carlos Ferrero described relations with Chile as 'good' declaring that, "Our enemy is poverty, not Chile" and noted that "there has been a complete political misinterpretation of statements", regarding the maritime border review Peru wants. ALSO CITED: Chilean Home Secretary Jose Miguel Insulza and Peruvian Minister of Foreign Relations Manuel Rodriguez Cuadros who each "requested political actors to refrain from further comments." Nevertheless Lourdes Flores Nano squeezed in one more comment: "Peru should not discard the International Court of the Hague as a possible arbitrator for the maritime border review demanded from Chile."

American Airlines Web Changes: American Airlines announced in a press release that "customers living in [Peru and in] select Latin American countries and the Caribbean can reserve and purchase tickets at AA.com with a locally issued credit card, instead of having to call American or go to a ticket office."

More Mining: Inca Pacific Resources announces in a press release that "holes PM-87 through PM 91, the third set of results from the 2004 diamond drill campaign. PM 87 to 91 are all located in the San Ernesto part of the Magistral intrusive complex within well mineralized skarn and porphyry."

Another Int'l Football Tournament: Sports Features (fifth item) reports that "the U.S. Under-16 Men’s National Team arrived in Peru to participate in the Peru International Friendly Tournament from Aug. 10-14." Competition will be between Peru, Colombia, Ecuador and the USA and matches will be held in Piura, Chiclayo, and Trujillo. NOTE: "Each of the three tournament venues were used for this year’s Copa America."

Naval Excercises: The USA Navy Newstand reports on Peru's participation in PANAMAX, a maritime exercise in which eight nations "plan and coordinate a coalition response to a security threat against the Panama Canal." NOTE: "The forces operating in the Pacific will be led by Chilean Capt. Francisco Alvayay, and include the Peruvian ships BAP Mariategui and BAP Herrera, the Chilean ships BACH Zenteno and BACH Macalbi. ALSO: "The participants organized into Task Force 138 will conduct the week-long exercise, which includes operations on the high seas, coast and land."

Church Group Returns: Scotland's Kirkintilloch Today reports on Kevin Keogh who "was inspired to go to [Peru] after hearing a talk by the Reverend Bryce Calder from St David's Memorial Park Church, who visited the country earlier this year. Keogh is a bricklayer and "just returned from two weeks in Peru, building a home for deprived kids ... in Puerto Belem, a slum town in the jungle on the banks of the Amazon." NOTE: "Keogh went to Peru with the Vine Trust - a Scottish Charity which works with street children to try and give them a better life. He was part of a 21-strong work party which meant he was helping to build a hostel for the kids."

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