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Russia interested in Argentina's shale deposits, says Cristina Fernandez

Monday, July 14th 2014 - 05:49 UTC
Full article 23 comments

President Cristina Fernandez confirmed Russia’s interest in investing in Argentina's Vaca Muerta shale formation in Patagonia and announced that a Russian delegation will travel soon to the area, which holds one of the largest shale gas and oil reserves of the world. Read full article

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  • reality check

    My, my, nuclear power, shale oil and gas, military assistance, whatever next?

    Christmas come early in BA, Christina must be creaming them!

    Jul 14th, 2014 - 06:25 am - Link - Report abuse 0
  • zathras

    I'm sure I read somewhere that Russia is backing the anti-frackking campaign in the UK.

    Why would Russia not want us to have more access to fossil fuels, which they DO NOT control?

    Makes you Think, LOL

    Jul 14th, 2014 - 08:35 am - Link - Report abuse 0
  • Jmackiej

    So Russia would like to Frack the living daylights out of Argentina. Frankly which country wouldnt?

    Jul 14th, 2014 - 09:07 am - Link - Report abuse 0
  • The Voice

    If you are a large producer of oil and gas...it might be a good idea to have some degree of control over other producing areas.....

    Jul 14th, 2014 - 09:08 am - Link - Report abuse 0
  • reality check

    @2
    I saw on RT. Then again, that's all you ever see on RT!

    Lol.

    Jul 14th, 2014 - 09:33 am - Link - Report abuse 0
  • GeoffWard2

    Well, on this occasion I have to agree with Voice.

    The more that the USA/Chevron and Russia/Gazprom control Argentina
    - along with China wrt food/feed products -
    the more Argentina's peoples have a chance of surviving.

    Argentina itself might survive!

    Jul 14th, 2014 - 10:46 am - Link - Report abuse 0
  • yankeeboy

    More meaningless propaganda that will amount to little or nothing. Everyone is interested until they actually have to put their U$ where their mouth is.

    Jul 14th, 2014 - 11:53 am - Link - Report abuse 0
  • ChrisR

    @ 6 GeoffWard2
    “Argentina itself might survive!”

    Living in Uruguay I sincerely hope not.

    We need this bunch of Peronista scum to suffer the worst that can happen to them in the slim hope that the real Argentines manage to kick them out for good.

    The problem then of course is that they would have to work to rebuild the 'Motherland'. And THAT is asking too much.

    Jul 14th, 2014 - 11:59 am - Link - Report abuse 0
  • BLACK CAT

    Russia does not have the technical capabilities to extract shale gas of this geological nature, no ones going near it, REPSOL had an agreement with Shell which is only one of two tech savy Oil companies that can lift this low standard hydrocarbon and still make a profit. Location, Location, Location it's a long way from any market place and the infrastructure costs to gather, transport and ship will take years of full production to start to pay back any investment.

    It's a pig in a poke. Putin is just buttering her up.

    Jul 14th, 2014 - 12:01 pm - Link - Report abuse 0
  • Z-ville

    Putin is a master at petro-politics. He wouldn't fake interest in the Argentine shale deposits unless he sees an opportunity for a power play...

    Jul 14th, 2014 - 02:20 pm - Link - Report abuse 0
  • yankeeboy

    10 Did Putin say anything? I think it was just Crissy and minions running her mouth.

    Jul 14th, 2014 - 02:29 pm - Link - Report abuse 0
  • Brit Bob

    I suppose no other countries want to have their oil and gas companies stolen by Narnia. Good luck with that one Russia.

    Jul 14th, 2014 - 02:33 pm - Link - Report abuse 0
  • Z-ville

    @10

    True. Only the Whacky leadership did the talking here. But I don't think that Putin would have let them run their mouths without correcting them if they went too far off the script.

    People sometimes tend to forget who Putin really is - he pays attention to details...

    Jul 14th, 2014 - 02:40 pm - Link - Report abuse 0
  • Zool

    As per usual Russia will require the West's help to provide the modern drilling and production gear and the technical expertise & knowledge if it wants to begin hydraulic fracturing in Argentina. Russia does not have the technical capability to extract shale on it's own & already has to depend on BP to exploit the shale deposits in Siberia.

    Jul 14th, 2014 - 03:21 pm - Link - Report abuse 0
  • JoseAngeldeMonterrey

    How come we´re now down to countries like China and Russia coming to Argentina, Brazil and the rest in South America to express their “interest to invest” on oil and other natural resources while companies from USA, UK and Canada are simply leaving the region?

    Jul 14th, 2014 - 03:29 pm - Link - Report abuse 0
  • CabezaDura2

    RT interview of Gazprom about shale in English... That is the voice of Russia as much as this matter goes. Its not in their interest that Shale is done. Cristina Kirchner is lying as usual.

    https://www.youtube.com/watch?v=Rvu_TI6Bx08

    Jul 14th, 2014 - 06:04 pm - Link - Report abuse 0
  • Britworker

    None of us actually know what is said behind closed doors between these people. I think the term 'playing politics' is something Putin and Kirchner are masters at.
    I think this whole exercise was intended by Putin to stick two fingers up at the west like he did recently in China when he signed deals there.
    Kirchner is a very convenient stooge.

    Jul 14th, 2014 - 06:26 pm - Link - Report abuse 0
  • Briton

    Russia-Russia-Russia,
    it seems this woman will sell her own county to Russia for her prestige's ambition.

    Jul 14th, 2014 - 07:47 pm - Link - Report abuse 0
  • JoseAngeldeMonterrey

    Matching the level of technical and market sophistication of the Shale boom in the USA won´t be easy for any other country in the world. For starters, they don´t have the risk and investment diversification that makes it possible for thousands of gas shale sites to operate, next you have transportation costs, which in the US are almost cero, because most of the gas and oil is sent to refineries near by so no ships are involved, also you will need to modify your refine know-how because you are dealing with a very different kind of gas and oil products.

    Jul 14th, 2014 - 09:52 pm - Link - Report abuse 0
  • hurricane

    It's all a smoke screen. She is stupidly believing that cozying up to Putin will get the US to help in some way with the hold outs. The US doesn't give a damn about Argentina or Juan Peron Jr. AKA Christina. Putin knows he's dealing with an idiot in desperation. He is far smarter than Christina and laughing himself silly as how easy it is to play her for the desperate fool. Lay down with dogs and you will get up with fleas.

    Jul 15th, 2014 - 03:11 am - Link - Report abuse 0
  • ilsen

    If true, and not gamesmanship, I find myself agreeing with Voice @4
    (surprisingly!)

    If the USA dominates the supply it can set the prices. Russia would lose economic power and the political power that goes with it...
    Cristina is just a pawn in the great game..

    Jul 15th, 2014 - 06:49 am - Link - Report abuse 0
  • aussiesunshinee

    and this is where the dominance of The USA in Latin America comes to an end and...a new era opens with the Russian and Chinese co-operation......

    Jul 19th, 2014 - 02:34 pm - Link - Report abuse 0
  • ilsen

    @22
    Don't you mean Chinese dominance?

    Again, you just show your ignorance. Jog on small fry.

    Jul 19th, 2014 - 04:31 pm - Link - Report abuse 0

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