crude peanut oil refining system in argentina

                                               
                                               
                                               
                                               
                                               
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  • How much oil does Argentina export?
  • Argentina currently exports crude oil, and imports refined oil products. In 2019, Argentina exported $1.3B in Crude Petroleum, mostly to the US, China, the UAE, and the Netherlands, with smaller amounts to Chile. It imported $2.3 BUSD in Refined petroleum from the US, Netherlands, Russia, the UAE, and India.
  • 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.
  • Is there a decline in oil & gas production in Argentina?
  • There has been a steady decline in conventional oil and gas production in Argentina over the last decade, coinciding with the expansion of unconventional oil and gas production. Since 2017, most investment has been in nonconventional oil and gas, with approximately 70% of investments concentrated in Neuquén.
  • How much oil did Argentina produce in 2023?
  • Industry-specific and extensively researched technical data (partially from exclusive partnerships). A paid subscription is required for full access. Oil production in Argentina amounted to 1,074 thousand barrels per day in 2023, an increase by nearly 13 percent in comparison with the previous year.
  • Is Argentina a good market for oil & gas extraction?
  • Argentina¡¯s potential in oil and gas extraction is huge, and it has been strongly highlighted again by the crisis in the Ukraine. Dutch companies that offer services to this industry, especially those related to environmental protection may have good opportunities in this market.
  • Will exploitation of unconventional gas & oil in Argentina be a problem?
  • Significant exploitation of unconventional gas and oil in Argentina in the next few years coupled with the high volatility of oil and gas markets is likely to generate a large number of wells that will need to be safely retired over the coming decades.