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Argentina courting suitors for VacaMuerta

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YPF is seeking partners to develop its shale reserves and halt rising energy imports.

Argentina has had a hard time attracting any but the most intrepid investors in its gas industry. Despite having the world’s second-largest reserves of shale gas, and fourth-largest reserves of shale oil, the country’s labyrinthine tax structure, import and exchange controls, and history of expropriation in the industry have scared away many would-be investors.

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