• 3 minutes This Battery Uses Up CO2 to Create Energy
  • 5 minutes Shale Oil Fiasco
  • 9 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 12 minutes Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 8 hours Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 14 hours Governments that wasted massive windfalls
  • 12 hours Let’s take a Historical walk around the Rig
  • 15 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 1 day Trump has changed into a World Leader
  • 14 hours Here is Why People Lose Money Trading Natural Gas
  • 1 day Beijing Must Face Reality That Taiwan is Independent
  • 54 mins Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 12 hours US Shale: Technology
  • 16 hours 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 22 hours Trump capitulated
  • 2 days Yesterday POLEXIT started (Poles do not want to leave EU, but Poland made the decisive step towards becoming dictatorship, in breach of accession treaty)

Elections in Argentina May Quicken Investment Pace

Elections in Argentina May Quicken Investment Pace

Bottom line: Opposition to the economic policies of President Cristina Fernández Kirchner will translate into votes for anti-kirchneristas, and may contribute to a quicker pace of investment going into 2014.

Analysis: As the economy falters in Argentina, the popularity of current President Cristina Fernández Kirchner is waning. On 27 October, Argentines will head to the polls for legislative elections. Although Kirchner’s party, the Frente de la Victoria, may not lose a significant number of seats, heated campaigning on both sides means they will not gain sufficient numbers to push through controversial bills (such as a constitutional amendment that would permit Kirchner to run for a third term).

Foreign investors are responding already to the Frente de la Victoria’s mediocre showing in August primaries. Dow and YPF, the state hydrocarbons firm, signed a contract in September to invest $120 million at Vaca Muerta in Neuquén, the giant shale gas field that Chevron also plans to explore. Dow will focus on the “El Orejano” block while Chevron will drill in Loma la Lata and Loma Campaña. Tecpetrol, which is already operating wells in Chubut promised to invest an additional $200 million there to extend its concession from 2017 to 2027. While outside companies work to extract gas and oil, Argentina still needs to rely on imports to meet demand. Other major oil companies, including Gazprom and Pemex, are in talks to…




Oilprice - The No. 1 Source for Oil & Energy News