Oil firms ponder how to finance projects in Argentina

Oil firms ponder how to finance projects in Argentina

Corporate & Sovereign Strategy Debt Capital Markets Bonds Loans Economy & Policy Energy Gas Politics Argentina

Argentina has huge potential for oil and natural gas production growth, so much that it could replicate the US shale boom to become a global energy supplier. The catch is that the country is mired in a financial crisis that has restricted access to the credit that oil companies need to develop the Vaca Muerta shale deposit, one of the largest in the world, oil executives said. "Without credit, we are limited in what he can do," said Ricardo Chacra, president of Roch, a local company that a few y

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