AGP Executive Report
Last update: an hour agoOffshore Energy: Eni has officially entered Uruguay’s OFF-5 offshore exploration block, taking 50% operatorship with MIWEN (50%) after Uruguayan approval, and says it will use proprietary tech to speed up hydrocarbon appraisal; it also agreed to buy a 40% stake in adjacent OFF-6. De-dollarisation Finance: Uruguay’s push to reduce dollar dependence is gaining traction as investors shift into peso money market funds and government bonds, with peso fixed-rate funds roughly doubling year-on-year and domestic peso securities rising sharply. Logistics & Trade: DHL Global Forwarding is acquiring Uruguay-based Aero Cargas, turning a long-time partner into its first direct Uruguay operation, aiming to better serve Atlantic gateway trade flows and regional logistics demand. Cross-border Payments Governance: dLocal’s APAC lead flags growing political pressure over foreign influence in local payment systems, even as cross-border payments expansion accelerates. Public Health Policy: A McGill-led review finds cannabis legalization can increase adult use and shift patterns in other substances, with emergency visits rising in some settings, including Uruguay. Science in the Region: Satellite-tagging and drone work is underway in Patagonia to study South American fur seals, including deployments on Isla Rasa and Isla Arce.
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