Oil production and export boom driving Neuquén’s economy

RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 21.Dec.2024) — Production grows 9.5% in the first 10 months of the year, driven by the Neuquén Basin. Exports increased by 42%, generating over $1.4bn in additional revenues.

Argentina’s hydrocarbon sector is undergoing significant growth, and the Neuquén Basin, home to the Vaca Muerta shale formation, is playing a leading role.