South America / GoM
Country profile: Paraguay
| Location: | Central South America, northeast of Argentina |
| Climate: | subtropical to temperate; substantial rainfall in the eastern portions, becoming semiarid in the far west |
| Terrain: | grassy plains and wooded hills east of Rio Paraguay; Gran Chaco region west of Rio Paraguay mostly low, marshy plain near the river, and dry forest and thorny scrub elsewhere |
| Size: | 406750 sq. km total (Land area: 397300 sq. km Water area: 9450 sq.km) |
| Population: | 6,831,306 (July 2008 est.) |
| Languages: | Spanish (official), Guarani (official) |
| Government: | constitutional republic |
| Capital city: | Asuncion |
| Legal system: | based on Argentine codes, Roman law, and French codes; judicial review of legislative acts in Supreme Court of Justice; accepts compulsory ICJ jurisdiction |
| Currency: | guarani (PYG) |
| Licensing: |
Country profile
Paraguay is a small, South American country and member of MERCOSUR. Its economy depends largely upon agriculture, which represents one-quarter of the country’s economic activity and almost all of its exports. Following stagnant economic growth since the late 1990s, Paraguay has seen its economy rebound in recent years.
The country’s real gross domestic product (GDP) grew by 3.3 percent in 2005, following growth of 2.9 percent in 2004. A combination of economic growth in neighboring Brazil and Argentina and high world prices for its agricultural exports have fueled Paraguay’s economic recovery.
Energy production and consumption
| Oil | Gas | |
| Production: | ||
| Consumption: | 28,000 bbl/day (2007 est.) | |
| Exports: | ||
| Imports: | 25,940 bbl/day (2007 est.) | |
| Reserves: | ||
| Major fields: |
Paraguay - recent news
| 27 Apr 26 |
Paraguay: ATOME announces Final Investment Decision for the world’s first industrial-scale green fertilizer plant ATOME, the developer of international-scale green fertiliser projects, has reached the Final Investment Decision (FID)1 on its flagship 260,000 tonne-per-year low-carbon fertiliser plant in Villeta, Paraguay (Villeta). |
| 20 Apr 26 |
Paraguay: ATOME provides Villeta Project update AIM-listed ATOME, the world-leading low-carbon fertiliser developer and the UK's only dedicated international industrial scale low-carbon fertiliser company, has provided a further update on the funding of its US$650 million landmark, 260,000 tonnes-per-year, low-carbon fertiliser plant at Villeta, Paraguay. |
| 10 Apr 26 |
Paraguay: ATOME provides Villeta Project update AIM-listed ATOME, the world-leading low-carbon fertiliser developer and the UK's only dedicated international industrial scale low-carbon fertiliser company, has provided an update on the funding of its US$650 million landmark, 260,000 tonnes-per-year, low-carbon fertiliser plant at Villeta, Paraguay. |
| 03 Jul 25 |
Paraguay: Green Climate Fund approves US$50 million in concessional finance to Villeta Project AIM-listed ATOME, the leading developer of international green fertiliser projects, has announced that the Green Climate Fund ('GCF'), the world's largest climate fund, has approved US$50 million of concessional finance for the Villeta Project. |
| 15 Jan 24 |
Paraguay: Molecular Energies spuds Tapir x-1 exploration well in Paraguay Molecular has confirmed that the Tapir x-1 exploration well at the Pirity Concession in the Chaco, Paraguay has been spudded. Molecular has a 50% interest in the Concession with OPIC, ultimately beneficially owned by CPC, the state energy company of Taiwan, being the other 50% holder. Molecular is the operator. |
Paraguay - more news
Other countries in this region
- Argentina,
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Bolivia,
- Brazil,
- Canada,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- Falklands,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Guyana,
- Honduras,
- Jamaica,
- Mexico,
- Nicaragua,
- Panama,
- Peru,
- Suriname,
- Trinidad,
- Uruguay,
- USA,
- Venezuela
