What are the latest news in Uruguay? September 1st, 2026

Diplomatic Talks Over Green Hydrogen Investment The governments of Uruguay and Argentina are continuing bilateral discussions to address environmental and visual impact concerns surrounding HIF Global’s planned $5.4 billion green hydrogen and synthetic fuels facility in Paysandú along the Uruguay River. Recent talks focused on the relocation of the plant to state-owned ANCAP land to prevent cross-border disputes. MercoPress+ 1Offshore Energy Expansion Italian energy group Eni has officially partnered with ANCAP and MIWEN (a subsidiary of Argentina’s YPF) to become operator with a 50% working interest in Uruguay’s offshore exploration block OFF-5. The agreement highlights growing international interest in deepwater exploration off Uruguay’s Atlantic coast. Eni+ 1Five Years of Free Currency Float The Central Bank of Uruguay (BCU) reached a milestone of five consecutive years without direct foreign exchange market interventions, maintaining its adherence to an inflation-targeting and flexible exchange rate framework. MercoPressAerospace and Space Industry Push Epic Aerospace established operations in Zonamerica to conduct satellite assembly and space transport services, making Uruguay an emerging hub for regional aerospace technology. The executive branch is preparing draft legislation to offer targeted incentives for the high-tech sector. TelenocheMaritime Border Demarcation Uruguay submitted technical documentation and nautical charts to the United Nations Commission on the Limits of the Continental Shelf to permanently define and expand the outer limits of its continental shelf boundaries.