Tag: Juan Jose Aranguren

• Saturday, May 12th 2018 - 09:37 UTC

  Leading global oil companies interested in Argentina offshore blocks auction

  

  Oil firms, including Norway’s Statoil, U.S.’ Anadarko Petroleum Corp, China’s CNOOC and Malaysia’s Petronas, have shown interest in Argentina’s auction this year of offshore blocks for exploration and production, the country’s energy minister said.

• Tuesday, May 8th 2018 - 06:57 UTC

  Argentine Peso: the worst of the storm seems to be over...for the time being

  

  The Argentine Peso closed slightly weaker on Monday, though analysts remained optimistic the government and central bank had curbed a run on the currency with a massive rate hike and lower fiscal deficit target last week. . The local currency opened stronger on Monday but closed down 0.41%, at 21.97 per U.S. dollar. The Merval stock index ended down 3.43% and traders said investors remained cautious.

• Friday, March 16th 2018 - 10:24 UTC

  Argentina gradually organizing natural gas production and consumption priorities

  

  Argentina plans to increase natural gas exports to Chile, helping to encourage production growth in the giant Vaca Muerta shale play, while importing supplies from that country to meet peak demand, Energy Minister Juan Jose Aranguren said on Thursday.

• Friday, March 16th 2018 - 09:41 UTC

  Argentina preparing its first offshore licensing round in the South Atlantic

  

  Argentina plans to launch its first offshore licensing round in almost three decades this year, as it seeks to widen exploration for longer-term production growth, Energy Minister Juan Jose Aranguren said on Thursday.Round One will be launched in June or July for 240,000 sq km in three zones of the continental shelf, Aranguren said on the sidelines of The Economist's Argentina Summit in Buenos Aires.

• Sunday, October 8th 2017 - 08:31 UTC

  Argentina preparing to auction offshore hydrocarbons exploration next year

  

  Argentina plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil, the energy minister said on Thursday.

• Tuesday, September 26th 2017 - 07:58 UTC

  Argentina to suspend fuels price-setting system in October

  

  The government of Argentina is planning to suspend a price-setting system for domestic fuel sales next month thanks to the recent rise in global oil prices, the country’s energy and mining minister said Monday.

• Sunday, June 4th 2017 - 13:17 UTC

  Argentina inaugurates Tierra del Fuego offshore gas deposit which provides 8% of the country's demand

  

  Argentina formally inaugurated the Vega Pleyade gas and condensate deposit off the coast of Tierra del Fuego considered the most austral of its kind in the world, and which has been supplying the country with nine million cubic meters daily since February 2016. The well is operated by French Total (37.5%) together with Wintershall Energy (37.5%) and Panamerican South (25%), demanded an investment of 1.1bn dollars over three years.

• Thursday, November 17th 2016 - 09:21 UTC

  Argentina unable to lower crude imports depite Minister Aranguren's preferences

  

  Despite Energy Minister Juan José Aranguren's plans, Argentina will end up importing in 2016 almost as much crude as in 2015. Freighters from Nigeria and Angola reported to be on their way with some 3 million barrels.

• Monday, August 15th 2016 - 07:28 UTC

  Argentina's economy: a battle over utility bills is president Macri’s first big crisis

  

  The following article from The Economist points out that the Argentine Supreme Court in the next ten days has to decide on tariff rises for gas and electricity blocked by lower courts. And president Macri cannot afford to lose sine the price increases are a vital part of his plan to restore confidence in an economy undermined by years of reckless spending.

• Thursday, June 9th 2016 - 09:16 UTC

  Argentina's energy minister, the official with largest amount of funds abroad

  

  Almost 100 million pesos (approx US$ 7.3 million) are held in offshore accounts by officials from the current Argentine administration economic Cabinet, a figure higher than the 18 million pesos President Mauricio Macri reported as having in a Bahamas account.