kenya walnut oil expeller has a high oil rate in argentina

                                               
                                               
                                               
                                               
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  • Is Tecpetrol the largest oil & gas company in Argentina?
  • It is the largest private oil & gas company in Argentina, with 21% market share in oil production and 14% in gas production. TecPetrol, part of the Techint, an Italian-Argentine holding, announced investments of USD 400 million, similar to Vista Oil and Gas, a company that operates in Mexico and Argentina.‌
  • How much oil does Argentina export in 2024?
  • This trend is expected to continue, especially due to growth in at least two of those three sectors. During 2024, Argentina’s exports reached a total amount of US$79.7 billion, with oil and gas contributing US$8.53 billion, or 11% of the total, according to the National Institute of Statistics and Census of Argentina (figure 1).‌
  • How does Rigi affect oil & gas production in 2024?
  • In 2024, oil production grew by 9.7%, while gas production increased by 4.3%, with expectations of further growth and a significant impact on exports. The Large Investment Incentives Regime (RIGI) boosts investment in the sector, with projects totaling USD 7.9 billion and export potential of USD 36.7 billion by 2030.‌
  • 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.‌
  • Are hydrocarbons a key component of Argentine energy matrix?
  • Hydrocarbons remain a key component of both the global and Argentine energy matrix. The development of unconventional resources, led by Vaca Muerta, has revitalized the industry and improved the country's energy balance.. Despite the growth of renewable energies, gas and oil will continue to be fundamental.‌
  • What are the main energy sources in Argentina?
  • Despite the growth of renewable energies, gas and oil will continue to be fundamental. Hydrocarbons account for more than 80% of the world's energy. In Argentina, natural gas (53%) and oil (31%) dominate the energy matrix.