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Argentina confident Patagonia's shale formation foreign interest remains strong

Thursday, May 26th 2016 - 06:05 UTC
Full article 4 comments

Argentina's Vaca Muerta shale formation in Patagonia remains an attractive asset for international investors, many of which are looking to increase the amount they have invested so far, according to the country's Energy Minister Juan José Aranguren, a former Shell Argentina CEO. Read full article

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  • Briton

    Falkland Islanders must be addressed ”as Argentines or foreigners living in (mainland) Argentina

    We can both play that game.

    Patagonians must be addressed ”as British falklanders or foreigners living in (mainland) Falkland's territory.

    sound nice.

    May 26th, 2016 - 10:12 am - Link - Report abuse 0
  • Marti Llazo

    The new Argentine government, already dealing with interannual inflation of nearly 42 percent, will continue to bankrupt itself with exorbitant price supports for petroleum of low quality that is expensive to extract, while natural gas is piped into the country from Chile for double the price of Bolivian natural gas.

    May 26th, 2016 - 01:49 pm - Link - Report abuse 0
  • pgerman

    @2

    You are right but the idea is to avoid unemployment in the Patagonia since oil industry is one of the most important one in the area.

    There are little gas production in Argentina.

    May 26th, 2016 - 02:24 pm - Link - Report abuse 0
  • Marti Llazo

    @3 pgerman, the noted argentine economist: “ ....the idea is to avoid unemployment in the Patagonia since oil industry is one of the most important one in the area. ...”

    So let's see here: these people are not engaged in economically productive work but they will be paid enormous salaries from public funds so that additional public funds can be spent on high subsidies for products which could be purchased more cheaply elsewhere.

    I think I am beginning to understand the problem here.

    --------------

    @3 pgerman: “ There are little gas production in Argentina.”

    Thanks to CFK. Previously, Argentina was a significant exporter of natural gas.

    May 26th, 2016 - 06:05 pm - Link - Report abuse 0

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