Argentina’s Tecpetrol to invest $2.3 billion in Vaca Muerta

Argentina’s Tecpetrol, part of the Techint Group, will invest $2.3 billion in the Vaca Muerta shale fields through 2019, said Guillermo Pereyra, a union leader and senator. Tecpetrol will aim to produce 14 million cubic meters of shale gas by 2019. That is half the amount of gas Argentina currently imports, Pereyra said, and will help Macri’s government reach its goal of energy self sufficiency. Sources: Reuters, Upstream online Volkswagen’s Seat targets Latin America in expansion push Volkswagen’s Seat division will seek to expand its business in Latin America and North Africa in the next decade, as the Spanish brand looks to stabilize earnings by reducing its reliance on Europe.“It would be healthy for us to sell about 30 percent […]

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