(Trinidad Guardian) Some 900 million barrels of crude oil have been detected at two basins in eastern Panama, representing a potential contribution to the country’s coffers of US$15 billion over 20 years, the National Energy Secretariat said. A geological study conducted by Venezuelan firm OTS detected the deposits in the Garachine-Sambu and Bayano-Chucunaque-Atrato basins of … [Read more...]
Panama proposes to host regional hub for UN agencies
(UN.org) Panama has proposed setting up a regional logistics hub for the United Nations that will serve as a base to allow the quick distribution of humanitarian assistance to those in need across Latin America and the Caribbean. Deputy Foreign Minister Francisco Álvarez de Soto told the General Assembly’s annual general debate today that a regional hub – to be based in the … [Read more...]
Oil in Darién Province of Panama
(Prensa.com) The journey began on Sunday September 18 at 4:00 am with the approach of a bus type goat by the team of Financial Tuesday Albrook Terminal. The first destination was Metetí, population of the province of Darien. The intent of journalism: finding oil, the black liquid that the Government intends to exploit through a tender in the coming months. Still dawns and … [Read more...]
Panama canal drives forest conservation
(Mongabay.com) An ambitious initiative in Panama is attempting to do just that. The Agua Salud Project is a joint effort between the Smithsonian Tropical Research Institute (STRI), the Panama Canal Authority, Panama’s National Environmental Authority, and the HSBC Climate Partnership. The effort aims to "understand and quantify" the ecological, social, and economic services … [Read more...]
Panama bracing for ex-dictator Manuel Noriega’s return
(CSmonitor.com) Filled with colorful chapters of revolution, civil unrest, and tin-pot tyrants, the history of Latin America has a way of repeating itself. So many Latin Americans keep one leery eye on the past at all times, acutely aware that it could sneak ahead into the future if the present is not managed properly. But Panamanians are an exception: relentlessly … [Read more...]