Report: Argentina’s Oil Output to Drop 4.0-4.8% This Year

Rigzone – Oil production in Argentina this year is expected to drop 4.0-4.8% to nearly 6.54 million barrels a day compared to 2005, newspaper El Cronista reported, citing local consultancy IES Consultores.

In the first quarter of this year, oil output dipped 4.8%, the report said.

Production will continue to drop in part because of a lack of new investments and the sector’s uncertain future, IES head economist Eduardo Alvarez reportedly said.
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