Reported 2 days ago
Argentina's Vaca Muerta oil fields are experiencing a slowdown in drilling and fracking activity due to falling oil prices and rising costs, creating potential obstacles for President Javier Milei's administration. As the country's largest oil reserve, Vaca Muerta is crucial for boosting energy exports and stabilizing the economy, but recent declines in production and operational challenges could undermine Milei's ambitious plans, including nearly doubling oil and gas exports by 2030. Business leaders are urging for reforms to improve profitability and attract investment, while some major oil companies consider divesting their assets in the region.
Source: YAHOO