Paraguay to begin producing oil by mid – 2013

Posted on November 27, 2012 • Filed under: Oil, Paraguay

Paraguayan president Federico Franco announced on Monday that starting on 2013 the country will become an oil producing nation, after a recent discovery close to the border with Argentina. According to Franco, researchers have discovered “plenty of top quality oil” in the “Cuenca de Pirity” area, in the Chaco region, west and north of Asunción. Read Article

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