argentina oil production

Argentina's YPF expects oil, gas output to hold steady or decline this year .
So, too, have poverty and unemployment.In the end, will geology trump politics?

It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Buenos Aires — Argentina's move to set a $45/b domestic crude oil reference price this week has brought cheer to some oil producers, but analysts say it may take a couple of years to rebuild production, following its plunge in April, as companies keep to the sidelines because of the country's financial crisis and erratic energy policies. The Magallanes area has five oil and gas production platforms. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data.

It is the largest offshore operation in Argentina.

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Compared with shorter-term data, the full-year figures are less prone to distortion from periodic maintenance shutdowns and other seasonal cycles. See also: List of countries by Oil Production.



As Argentina stands on the verge of regime change, the question for oil companies is whether politics or the geology of Vaca Muerta, one of the world’s biggest shale plays, will prevail.Oil companies are used to dealing with geopolitical risk, often operating in volatile regions when the resource potential is high enough.

All rights reservedIn Argentina, politics threatens oil production growth again: Fuel for Thought

“We don’t know what they will propose. Sign up to our commodities Email Bulletin.© 2020 S&P Global Platts, a division of S&P Global. One is Guillermo Nielsen, a moderate economist who was the national secretary of finance from 2002 to 2005.Nielsen, who is respected in oil circles and was a speaker at a Vaca Muerta seminar closed by Macri in June, has proposed using incentives like tax breaks to develop Vaca Muerta in half of the 15 years that it took the US.But he may not have it easy.

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A banker, who asked not to be named, didn’t hesitate to say that politics would win.The risk of doing business in Argentina has shot up on the anticipation of a return to populist rule, making it harder to finance such a capital-intensive industry. Oil Production in Argentina.

The candidate has said little so far, but on a trip to Spain early this month he said: “It makes no sense to have oil if the multinationals take it.”This swelled concerns of a return of the interventionism that led to the re-nationalization of YPF in 2012 from Spain’s Repsol.This wouldn’t surprise Gerardo Rabinovich, vice president of the Argentine Energy Institute, a think tank.“We shouldn’t expect anything different from what they did from 2003 to 2015,” he said. Argentina produces 708,770.15 barrels per day of oil (as of 2016) ranking 26th in the world.

Oil companies are used to dealing with geopolitical risk, often operating in volatile regions when the resource potential is high enough.

We only know what they have done in the past.”Fernández has since softened his stance, saying on television in Argentina that Vaca Muerta’s development is key for the country, adding what many Peronist leaders have said throughout the years: it is preferable to use the resources as a cheap and abundant source of energy to develop local industries, than to export commodities.While Fernández still has to win the election, names are emerging of potential nominees for energy.

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