ce approved cheap price oil mill plant in argentina

                                               
                                               
                                               
                                               
                                               
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  • Is Tecpetrol the largest oil & gas company in Argentina?
  • It is the largest private oil & gas company in Argentina, with 21% market share in oil production and 14% in gas production. TecPetrol, part of the Techint, an Italian-Argentine holding, announced investments of USD 400 million, similar to Vista Oil and Gas, a company that operates in Mexico and Argentina.
  • Who owns Argentina's oil & gas market?
  • Argentina's oil & gas market is majority-owned by the integrated energy company YPF, which has been involved in E&P operations since 1922. YPF is the country¡¯s largest oil and gas producer and owns more than half of Argentina¡¯s refineries.
  • Does Argentina have a surplus of oil & gas?
  • Argentina traditionally had a surplus production of oil and gas with exports mainly to Chile. However, it has recently become a new importer of hydrocarbons. The nation is actively seeking investment to unlock its gas potential as demand rises, while facing challenges related to high production costs and conflicts with labour unions.
  • Is Argentina a good market for oil & gas extraction?
  • Argentina¡¯s potential in oil and gas extraction is huge, and it has been strongly highlighted again by the crisis in the Ukraine. Dutch companies that offer services to this industry, especially those related to environmental protection may have good opportunities in this market.
  • Will a drilling well be completed in Argentina in 2022?
  • This year 2022 is expected that the first exploration drilling well in the Northern Argentina Basin will be completed, aimed to confirm the presence of oil or gas on the seabed and to assess if it is economically viable to develop it. Protests have been led by several environmental NGOs and by the mayor of Mar del Plata.
  • Why is the government of Argentina interested in oil & gas?
  • The Government of Argentina (GOA) sees the oil and gas sector as a major driver of exports and as a generator of foreign currency. The government is keen to attract foreign direct investment to spur economic growth. Argentina possesses the world¡¯s fourth-largest shale oil and second-largest shale gas reserves.