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Montevideo, October 28th 2020 - 09:35 UTC

 

 

Argentina wants energy firms to invest US$ 5 billion to boost gas production

Friday, October 16th 2020 - 09:58 UTC
Full article 27 comments

Argentina wants energy firms to invest some US$ 5 billion to boost hydrocarbon production and generate jobs in the country's prized Vaca Muerta shale play, as well as to bring in much-needed foreign currency. Read full article

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  • Dirk Dikkler

    Yeah 5 Billion Dollars for a Country that is Notorious for Not Paying Back Loans, Good Luck with that one and also considering that Most Finance is moving away from Carbon based Fuel and over to Renewable Energy they Might as well Close down the Vaca Muerta Fields.

    Oct 16th, 2020 - 08:59 am - Link - Report abuse +3
  • El Diego

    This very good news and very generous offer for oil companies. Argentina is very good and safe place for investment And make a lot of money for the capitalistas but we must make sure they create the jobs for the people and pay the very high taxes so everybody win win with Argentina oil and not give away too easy Argentina resources. We are rich country but not a stupid country

    Oct 16th, 2020 - 11:38 am - Link - Report abuse -5
  • atbaires

    Mr Dirk is a bit extremist, although correct in some aspects, renewable is good but natural gas and fracking for oil should increase if the proper tax incentives are in palce and labor goes aloing as it has so far..
    Bur Mr Diego must be living in someother country, We are a rich country but if we are not stupid we come close, we dont honour our debts, we are a totally mismanaged country, there is the problem Diego !!! and pls note that what we can manage we simply STEAL and CHEAT....

    Oct 16th, 2020 - 12:41 pm - Link - Report abuse +3
  • Think

    Just for your kind info..., Sr. atbaires...

    When responding to “El Diego” you are interacting with a Non Argentinean posing as an Argentinean posting real dumb concepts in a faux primitive English..., thus allowing widespread criticism against Argentina and Argies by the Anglos posting in her just to do that...

    This sites comment section is ~98% dominated by Anglos trashing Argentina due of its position on the Malvinas / Falklands issue...

    Dirk Dikkler is one of those Anglos...

    Having said all the above..., I wouldn't shed a tear if they closed Vaca Muerta tomorrow...
    Quite the opposite..

    Saludos del Chubut...
    El Think...

    Oct 16th, 2020 - 02:11 pm - Link - Report abuse -5
  • El Diego

    Every oil company want work in Vaca Muerta and Argentina because they can make a lot of money but maybe is time for argentine state to take over these companies and make sure vaca muerta money go to argentine people. So I think is very clever to let company invest and set up in argentina and then take over company by argentina state like repsol and we will make a lot of money for all. Then after we can sell at high price to the Chinos. Hugo Chavez do this in Venezuela make a lot of money and then make more money doing deal with the Chinos and Rusos. Very clever plan and Argentine need learn from Venezuela experience

    Oct 16th, 2020 - 02:24 pm - Link - Report abuse -5
  • atbaires

    well, I am not anglo, I am Argentine, but comments like Mr Diego only takes us back 60 years of painful policies that has got us nowwhere...the rest deserves no answer.
    working for the technical teams during the campaign of President Macri, we drew a clear plan, that was highly commended by my friends in London, lets stop arguing about sovereign issues and find common ground in exploration, fisherisl minerals.....Malvinas needs to do its part, or should

    Oct 16th, 2020 - 04:18 pm - Link - Report abuse +2
  • Chicureo

    Dear El Diego

    You are truly inspirational!

    Now is the time for taking action to overturn the societal injustice!

    My best advice is to first infiltrate the universities and form clandestine study groups to debate how to use the subversive methods of Milton Friedman to radically change the Peronist economic structure of Argentina's economy.

    Your group should embrace new classical macroeconomics heavily based on the concept of rational expectations.

    This would completely overturn the current economic imbalance of your once great land — that a century ago was considered one of the five wealthiest countries in the world!

    Comrade Milton Friedman teachings are key to achieving national wealth and lifting the poor out of poverty.

    ¡Viva Milton Friedman!

    Oct 16th, 2020 - 04:57 pm - Link - Report abuse +4
  • Think

    Una cosita..., Sr. atbaires...
    Let's just invert reality for a couple of minutes.., ok...?

    - Do you Think that your friends in London would have highly commended your clear plan of stopping arguing about sovereign issues and find common ground in exploration, fisheries, minerals, et al..., if the situation was that Argentinean ships had some 200 years ago sailed 10,000 miles North ..., taken by force a bunch of windblown Isles in the North Atlantic..., planted some Martin Fierros and Sargentos Cruz'es on a couple of them and..., based on that..., we Argies claimed total and irrestricted sovereignty over some 15,000,000 square miles of North Atlantic and Arctic territories...?
    - (Politely telling them, your London friends..., each time they dared to ask for negotiations or to protest about the Status Quo to “Bugger off”..., not to forget...)

    Just a simple Yes or No from you would suffice for this auld & humble Patagonian paisano...
    You may of course elaborate about the topic..., if you so wish...
    We live..., today in a free Country..., after all...

    Su seguro servidor...
    El Think...

    Oct 16th, 2020 - 05:12 pm - Link - Report abuse -4
  • atbaires

    well made points, however, going back to the ice age wont solve a thing...I wont expand on my comments but just suffice to say we must deal with this complicated present with new tools and ideas.

    Oct 16th, 2020 - 10:27 pm - Link - Report abuse +3
  • Think

    Sr. arbaires...

    ***“New tools and ideas”***.... you say...?
    What's ***“NEW”*** about “bending over” and “taking it all in”...?
    A.F.A.I.C.T. ..., that is one..., if not THE oldest “tool” in human history...

    I Think I will take your above *“ Well Made Points”* words at face value..., that is..., a resounding “NO,, THE ENGLISH WOULD NOT ACCEPT SUCH”...

    And I also Think that...,, after your above “Saraza”..., we have have quickly reached the culmination point of no return.and exhausted any sincere possibility of a fruitful outcome...

    Therefore..., su seguro servidor se despide...
    El Think...

    Oct 17th, 2020 - 02:44 am - Link - Report abuse -5
  • El Diego

    Inglaterra is caniche of usa and do what usa say. who care what Los ingleses do? eh? who? nobody becuase is finished country with brexit disaster and soon escocia and irlanda want leave brexit mess and now malivinas people want leave too from the acoholicos britanicos who very rude to malvinas people

    Oct 17th, 2020 - 06:51 am - Link - Report abuse -5
  • Think

    ***“... and soon escocia ...”***
    Alba gu bràth

    https://images.fineartamerica.com/images/artworkimages/mediumlarge/1/scotland-forever-alba-gu-brath-symbols-of-scotland-over-blue-serge-averbukh.jpg

    Oct 17th, 2020 - 08:22 am - Link - Report abuse -6
  • Chicureo

    Estimado THINK

    For the financial well being of your challenged nation — I sincerely hope the hydrocarbon investments can go forward in a beneficial way for all.

    Regarding your views about the Euroglobalistic sympathies reflected by the Scots and Irish — they are always squabbling about something. Boris has effectively told the Eurocrats in Brussels to go and pound sand!

    It seems almost everyone disagrees with me — but I see a BREXIT without a rigged agreement as a positive development and Boris has a solid mandate. Both Trump and Boris will prevail despite all the media mendaciously telling us that they're failures. (Yes, I do read the political polls.)

    It's another stunning day here in Viña del Mar and yesterday's “Tex-Mex” luncheon party was a popular success with our guests. There is a strong sentiment rising in Chile that the pandemic restrictions — shutting down social gatherings has caused more damage than the cure. (It's also evident the the latest influenza statistics are highly misleading. Mathematical modeling exposes the contradictions.)

    Today's late déjeuner avec mon enchanteresse was fresh erizos (sea urchins) with salsa verde, Peruvian style ceviche and lightly roasted razor clams with Pyrenees goat cheese. This was accompanied with chilled Viña Montes Sauvignon blanc. Tonight we'll enjoy thinly sliced poached abalone with avocado on toasted sourdough.

    Tomorrows fare include ripe cherimoya, sweet blood oranges and large Ostión Magallánico (sea scallops), but the menu still has not been decided. It's a tough life this weekend! ;)

    Dear El Diego

    Now is the time to infiltrate the universities and form clandestine study groups to debate how to use the subversive methods of Milton Friedman to radically change the Peronist economic structure of Argentina's economy. Your group should embrace new classical macroeconomics heavily based on the concept of rational expectations and are key to achieving lifting the poor out out of poverty!

    Oct 18th, 2020 - 07:06 pm - Link - Report abuse +1
  • Think

    Shicuréo....

    Cut all that political crap of yours..., and enjoy the next 20 minutes of gasoline nostalgia before all goes 3lectric...

    https://m.youtube.com/watch?v=rWPHnKLi0Hw

    Oct 18th, 2020 - 10:01 pm - Link - Report abuse -1
  • Chicureo

    Estimado THINK

    Thanks for the memories!

    As I've mentioned — I used to admire the Argentine tourists arriving with their big luxurious Ford Falcons and thought your nation was so sophisticated...

    ...one thing fo certain — your countrymen have the world's greatest egos...

    Only an Argentine Ford Falcon driver would challenge in a race with a Ferrari...

    https://youtu.be/vNJvJ0jNhyw

    Switching subjects — do you think anyone really believes El Diego?

    Have a pleasant evening!

    Oct 18th, 2020 - 10:45 pm - Link - Report abuse +1
  • Think

    Ermmmmmmmm...

    Argentine “IKA Torino” drivers challenging in a race the rest of the World...

    https://m.youtube.com/watch?v=imDvfWUjp2A

    Oct 18th, 2020 - 11:47 pm - Link - Report abuse -1
  • Chicureo

    Estimado THINK

    Very entertaining! You win the car documentary contest today!

    Madame has just started a French Netflix thriller: La Revolutión which fortunately is subtitled in Español. If I ignore it — she'll pout tomorrow...

    Thank the God Dionysus for champenoise!

    ¡Salud!

    Oct 19th, 2020 - 12:56 am - Link - Report abuse +1
  • El Diego

    the argentine oil belong to the argentine people and need production to make the money for the people and pay the expenses for el socialismo the people want in argentina. we need produce more and sell to the other countries but only at good price and is crazy give argentina money to foreign oil compnay. what we get for this money? eh? what? we get nothing and the capitalistas get rich. we need take control of all foreign oil company and take money for argentina people and the socialismo for the people. this way argentina become strong country again like before. cristina know this

    Oct 19th, 2020 - 07:56 am - Link - Report abuse -1
  • Think

    TWIMC...

    As MercoPress hasn't considered necessary to publish anything about Bolivia since July...

    ******“ CONGRATULATIONS..., PLURINATIONAL STATE OF BOLIVIA ”*****

    As I wrote some eleven months ago... :
    - Nov 11th, 2019 - 07:31 am
    Anyhow..., if they don't kill him..., he will be back...
    Fuerza Presidente Evo...
    https://en.mercopress.com/2019/11/09/more-chaos-in-bolivia-some-police-officers-have-joined-protestors-in-several-cities/comments#comment505110

    Capisce...?

    Oct 19th, 2020 - 08:56 am - Link - Report abuse -1
  • hurricane

    You can't fix STUPIDITY. Argentina has been and always will be a third world banana Republic. There are no consequences, thus there will be no change. Socialism is the subtle destroyer of the Human Spirit and the treasure chest of the politicians. Jealousy of success is the passion of a socialist. The temptation to steal is just too great for the average politician to resist. It is the socialists answer to his inability to compete. He can't compete and build anything because he doesn't have the ability, so he resorts to strong arm tactics, theft, corruption and is addicted to power. He hates the rich, panders to the poor for votes and lives like a King. It is so imbedded into the soul of an Argentine that there is no chance for a recovery. Winston Churchill summed it up perfectly almost 73 years ago when he said “Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy”. It's been tried over and over again and has invariably ended in failure. Each try they tweak it a little to “ work out the bugs”, but it always has the same ending. Misery for the people. STUPIDITY is not fixable.

    Oct 19th, 2020 - 04:28 pm - Link - Report abuse -1
  • Think

    Wooooooow....
    A dogmatic Anglo HURRICANE SPITFIRE.....

    Chuckle..., chuckle...

    Oct 19th, 2020 - 05:08 pm - Link - Report abuse -1
  • Chicureo

    hurricane

    Slight disagreement as actually Argentina was at least the FIFTH wealthiest country in the world exactly a century ago.

    This afternoon's menu was giant sea scallops with butter sautéd asparagus with a radicchio salad accompanied with chilled champenoise.

    Early this morning we were beach-combing for fresh kelp that we carefully washed and will be used later in the week — far better than the dried kelp we buy on the market.

    ¡Saludos!

    Oct 19th, 2020 - 06:12 pm - Link - Report abuse +1
  • Think

    Shicuréo..., hermanito...

    You say...:
    ***“ Argentina was at least the FIFTH wealthiest country in the world exactly a century ago.”***

    I say...:
    And we could easily become the FIRST wealthiest Country in the World tomorrow..., if we just convince Jeff Bezos..., Bernard Arnault..., Bill Gates..., Mark Zuckerberg..., Elon Musk and Warren Buffett to get their Tax Residence in Argentina...

    Only those six (6) human beings virtual prescence in Argentina would take us back to almost the same Distribution of Wealth percentage we Argies “enjoyed” exactly a Century ago...
    No fantasy..., hermanito..., fact...
    But don't take me Argie word for it...
    Google it........................................... Capisce...?

    Oct 19th, 2020 - 06:59 pm - Link - Report abuse -1
  • Chicureo

    Estimado THINK

    Good point — but how could you ever convince the to domicile in Argentina?

    Right now, it's a nightmare for corporations to safely invest in Argentina.

    Anyway, it's an interesting proposition — but the really wealthy have diffused their holdings that it's impossible in this modern era to determine anything anymore.

    Here in Chile, I know of a young lass who recently flew on a private leased aircraft to a lakeside foundation owned home as the guest of a nonprofit organization. All those expensive holdings cleverly placed non-attached.

    Same thing all over the South American continent where our politicians are the masters of hiding assets...

    ...it's like the supposed bankruptcy of a company trading grains and the assets were deviously reassigned offshore.

    Over three decades ago, Madame and I stayed at the Llao Llao Resort in Bariloche — where I learned the resort was built exclusively for Argentine politicians.

    “If wishes were horses — beggars would ride.”

    ¡Saludos!

    Oct 19th, 2020 - 08:27 pm - Link - Report abuse +1
  • Think

    Don't worry Shicuréo...
    Argentina is a biiig country...
    There is aways room in our Argie houses and hearts for our dear Shilean Fontbonas..., Ponce Lerous..., Salatas..., Paulmanns.., Saieh Bendecks and Angelini Rossis hermanitos that may soon have to find a quick safe haven against the approaching Chillotine...

    Ps...:
    The Piñeras you keep...!

    Oct 19th, 2020 - 08:55 pm - Link - Report abuse -1
  • Chicureo

    All far above my humble imagination...

    ...Piñera is actually a very nice person...

    Who do you think will be the next President of Chile — because I sincerely have no damn idea...

    ¡Saludos!

    Oct 19th, 2020 - 09:18 pm - Link - Report abuse +1
  • Think

    Who do I Think will be the next President of Chile...?
    I sincerely have no idea...!
    Could be anyone...
    Robespierre...?
    Danton...?
    Marat...?

    Oct 19th, 2020 - 09:41 pm - Link - Report abuse -1

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