Two of them were acquired by Shell and the third by Apache Corporation, including an exploratory well, in the framework of the Open Uruguay Round. Ancap president Alejandro Stipanicic said that ...

The well was spud at the “Raya/1” prospect in Block 14, and “this milestone culminates four years of work in Round Uruguay II, and the first to be drilled offshore Uruguay since 1976.

The last trade round, the Uruguay Round launched over 15 years ago, was the most ambitious thus far, and some of its agreements are still being implemented (see table). Tariff cuts covered a greater ...