RIO DE JANEIRO, BRAZIL - Argentina wants energy firms to invest some US$5 billion to boost hydrocarbon production and generate jobs in the country's prized Vaca Muerta shale deposits, as well as bringing in much-needed foreign currency.
The plan unveiled on Thursday, October 15th, aims to replace imports with domestic natural gas production, saving some US$ 5.6 billion, while adding new jobs and reversing the months-long decline in output at Vaca Muerta.
The government expects the plan to help increase tax collection by some US$2.5 billion and a bump up its fiscal balance.
Argentina . . .