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6 FAQs about [Argentina crest energy international]
What is Argentina's energy sector regulatory framework?
Argentina’s energy sector regulatory framework seeks to provide greater market certainty and attract foreign investment to boost oil and gas production for exports.
How much energy is used in energy-intensive industries in Argentina?
Today, around 45% of energy used in energy-intensive industries is natural gas: energy-intensive industries account for 60% of total energy demand in industry in Argentina. Industrial activity in Argentina sees less growth than the average in the region. Most of this modest increase is met by natural gas and electricity in the STEPS.
Why is the government of Argentina interested in oil & gas?
The Government of Argentina (GOA) sees the oil and gas sector as a major driver of exports and as a generator of foreign currency. The government is keen to attract foreign direct investment to spur economic growth. Argentina possesses the world’s fourth-largest shale oil and second-largest shale gas reserves.
Who are the major energy companies in Argentina?
Major global exploration and production companies including Chevron, ExxonMobil, Petronas, Raizen (Shell), and Total are present along with many local firms. Argentina’s majority state-owned energy company, YPF, holds the largest upstream sector market share.
Why are oil and natural gas production rising in Argentina?
Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from the Vaca Muerta shale formation, which is offsetting declining output from conventional oil and natural gas fields.
Why is Argentina attracting foreign direct investment?
The government is keen to attract foreign direct investment to spur economic growth. Argentina possesses the world’s fourth-largest shale oil and second-largest shale gas reserves. The Vaca Muerta shale formation is located in the provinces of Neuquén, Mendoza, and Rio Negro, and only a fraction has been developed for oil and gas production.


