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The President of the Central Bank of Chile, Rosanna Costa, recently announced that the country’s benchmark interest rate will decrease faster than expected, possibly ending the year around 8%. In an interview with national newspaper El Mercurio, she outlined that despite the macroeconomy progressing as predicted, inflation rates are falling at a quicker rate. As […]
In a new development, Petrobras is launching a $1.7 billion project to reinject CO2 from oil extraction back underground. This technology is making the drilling process cleaner and more innovative. This initiative, set to unfold in the Mero field within the Santos Basin, leverages the modern High-Pressure Separator (Hisep) technology for efficient gas handling. This […]
The International Monetary Fund (IMF) has recognized Mozambique’s economic potential following improved security in its northern region. This development offers a brighter future, as major gas projects may soon restart. Pablo Lopez-Murphy, head of the IMF mission, sees these projects driving inclusive growth. Mozambique is on the brink of exploiting its vast gas reserves in […]
