South America / GoM

Paraguay flag
Summary | Profile

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

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.
19 Jul 23
Paraguay: ATOME Energy reports significant progress in Paraguay
ATOME, the only international green hydrogen, ammonia, and fertiliser project development company on the London Stock Exchange, with current large-scale projects in Latin America and Europe, as well as hydrogen mobility projects, has announced an update on its Paraguay operations.
13 Feb 23
Paraguay: ATOME Energy reports on Paraguay National Electricity Administration's London visit
AIM-listed ATOME Energy, the only pure international green hydrogen and ammonia production company on the London Stock Exchange with current large scale projects in Europe and South America as well as hydrogen mobility projects, notes the announcement by Paraguay's National Electricity Administration ('ANDE') concerning a top level visit to the UK which concluded last week.
03 Feb 23
Paraguay: Molecular Energies provides Paraguay rig update
AIM-listed Molecular Energies, the international energy company, has provided an update on the drilling rig for its Paraguay operations. The drilling rig has been successfully procured and the drilling contract with President Energy Paraguay now signed.
08 Sep 22
Paraguay: ATOME Energy signs two MOUs with potential long-term customers on Paraguay
AIM-listed ATOME Energy, the only pure international green hydrogen and ammonia production company on the London Stock Exchange with current large-scale industrial projects as well as hydrogen mobility projects in South America and Europe announces the entry into two significant Memoranda of Understanding in Paraguay.

Paraguay - more news

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