Argentina's 8th International Oil & Gas Expo, sponsored by the Argentine Institute of Petroleum and Gas is taking place this week in Buenos Aires.
President of the Argentine Institute of Petroleum and Gas Ernesto Lopez Anadon said Buenos Aires has developed a strong energy industry that has contributed to the country's stable growth rates even at times of international crisis.
“Of course the international crisis is likely to affect all countries but fortunately Argentina has developed new plans to reactivate exploration and production mainly in unconventional reservoirs,” he noted.
More than 300 exhibitors from different countries have showcased their latest technologies, equipments and machineries in the fields of oil, gas and petrochemical engineering in the exhibition.
Within such context of global shakiness, China growing interest in Latin America has fostered new investments and trade ties between both regions.
Leading presence of China Petroleum Technology and Development Corporation at the exposition was a sign of the Asian Giant´s race into the Latin American oil and gas market.
Brazil, Argentina regional strategic ally, was also present at the exhibition. The director of the Brazilian National Organization of the Petroleum Industry made reference to the benefits resulting from the expansion cycle of the Brazilian oil and gas sectors and the significance of combining efforts between two main Mercosur partners.