Argentina Prepares To Overtake Colombia As Oil Powerhouse

Argentina is on the brink of solidifying its position as one of South America’s top crude oil producers thanks to the burgeoning shale-drilling activities across its vast Vaca Muerta region. This rise is set against the backdrop of increasing operational support from the newly elected government under President Javier Milei, who has embraced business-friendly policies aimed at energizing the sector. It’s not just political rhetoric; the tangible impacts of these policies are evident as drilling activity accelerates.The Vaca Muerta basin, located primarily within the Neuquén Province, is one of the largest shale oil and gas reserves not only in Argentina but also globally. Recent statistics indicate this region currently accounts for about 60 percent of the country’s crude production. If current trends continue, Argentina is poised to...Read the full article >here<