ARGENTINA'S OIL, GAS INVESTMENT
IEEFA - The Argentine government's plan to develop the massive Vaca Muerta oil and gas reserves in northern Patagonia has hit a major obstacle. The success of the plan requires the Argentine government to subsidize most of the development costs initially. But the Argentine government is in fiscal distress and has recently made it known that it plans to cut subsidies. As a result, the oil and gas companies whose involvement the plan depends on are reconsidering.
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