Who Will Benefit the Most From Argentina’s Shale Oil Boom? ...Middle East

In a shock development, crisis-prone Argentina, South America’s second-largest economy, recently emerged as the continent’s third-largest oil producer. The surge in unconventional hydrocarbon output from Vaca Muerta, one of the world's top five shale formations, is driving significant growth in oil and natural gas production. Argentina’s national oil company YPF is leading the shale play’s development and shaping up to be one of the best run state state-owned energy companies in Latin America. Despite being nationalized…

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