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Argentina: 16 months without importing oil
Oct, 07, 2019 Posted by Sylvia SchandertWeek 201941
In August, Argentina celebrated 16 consecutive months without importing oil, because gas production during the eighth month of the year grew 7.9% and oil extraction increased 5.5%, according to the Ministry of Finance.
“In August, gas and oil production continued to grow. Gas production in August grew 7.9% over the same month of the previous year; it’s the largest production since August 2007,” said the ministry.
Natural gas production was the highest in 12 years, totaling 144m m3 per day. However, conventional gas fell by 6% offset by unconventional production, which grew by 31% over the previous year, among which shale gas stood out with a 74% increase, which translates to a daily output of 36 MM m3.
Source: Portal Portuário
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