End of preview - This article contains approximately 129 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 12 June 2023
In brief: Argentina announces new Chevron investment in Vaca Muerta
* Argentina’s economy ministry has announced that the US oil company Chevron will invest over US$500m in the development of the Vaca Muerta shale basin in Neuquén province. The announcement followed a meeting between Chevron representatives, Economy Minister Sergio Massa, and Energy Secretary Flavia Royón. According to an economy ministry statement, Chevron, which produces crude oil and natural gas in Argentina through its wholly owned subsidiary Chevron Argentina S.R.L. committed to “bring forwards an investment of over US$500m for the development of the El Trapial area, Neuquén province”. The statement said that the investment will begin before July. According to the US oil firm, Chevron Argentina S.R.L. is the eighth-largest producer of oil in Argentina, with concessions in the Neuquén basin.
- COLOMBIA: Gov’t and ELN sign ceasefire agreement
- In brief: Peru’s trade surplus shrinks in monthly terms
- BRAZIL: Drop in Lula’s approval ratings
- In brief: Brazil’s Unipar bids for stake in rival Braskem
- PANAMA: Ruling party picks 2024 presidential candidate
- In brief: Honduras’s Castro kicks off first official visit to China
- MEXICO: Morena reveals date to select presidential candidate
- In brief: Mexico’s industrial production edges up
- ARGENTINA: Opposition gets off the mark in electoral contests
- In brief: Argentina announces new Chevron investment in Vaca Muerta
- US requests trade dispute consultations with Mexico over biotech policies