-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Argentina's presidential office announced on Tuesday that Argentine national oil company YPF and Malaysian state oil company Petronas will form a joint venture to invest $2.
3 billion over the next four years in the country's Vaca Muerta shale field
, Reuters reported.
The Argentine president said in a statement that Petronas will have an equal interest
in the project through its subsidiary Petronas E&P Argentina SA.
Petronas has not commented
on the statement.
The Belgian-scale Vaca Muerta deposit, located in western Argentina, is believed to hold the world's second-largest shale gas and fourth-largest shale oil deposits
.
"This investment will allow us to increase YPF's gasoline production by 30% by 2022, which means a 15%
increase in total gasoline production in Argentina," the statement said.
”
The company said it aims to reach 60,000 barrels of oil equivalent per day by 2022, with a total investment likely to reach $7 billion
over 20 years.
Argentina's presidential office announced on Tuesday that Argentine national oil company YPF and Malaysian state oil company Petronas will form a joint venture to invest $2.
3 billion over the next four years in the country's Vaca Muerta shale field
, Reuters reported.
The Argentine president said in a statement that Petronas will have an equal interest
in the project through its subsidiary Petronas E&P Argentina SA.
Petronas has not commented
on the statement.
The Belgian-scale Vaca Muerta deposit, located in western Argentina, is believed to hold the world's second-largest shale gas and fourth-largest shale oil deposits
.
"This investment will allow us to increase YPF's gasoline production by 30% by 2022, which means a 15%
increase in total gasoline production in Argentina," the statement said.
”
The company said it aims to reach 60,000 barrels of oil equivalent per day by 2022, with a total investment likely to reach $7 billion
over 20 years.
