Argentina Narrowly Avoids Another Oil Industry Crisis ...Middle East

Crisis-torn Argentina has managed to avert another disaster in its economically crucial hydrocarbon sector. Many institutional investors are unhappy with Buenos Aires’ sovereign debt restructuring undertaken last year, which allowed the government of President Alberto Fernández to end Argentina’s ninth debt default. That saw bondholders accept a significant reduction of income payments, collectively losing almost $40 billion between 2020 and 2024. Even after settling that deal, Argentina’s public debt is a disconcerting…

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