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  • Does Argentina have oil refineries?
  • Argentina has refineries to separate the crude oil that it buys from other significant oil-reserve nations. The largest oil refinery, La Plata, produces 189,000 barrels of oil daily. The second and third largest refineries, producing 110,000 and 105,500 barrels per day, respectively, are the Buenos Aires and Lujan de Cuyo refineries.
  • How much money does Argentina make from oil?
  • Argentina, the eighth-largest nation in the world, is a South American nation. In comparison to other income sources, oil does not generate much money. Argentina has refineries to separate the crude oil that it buys from other significant oil-reserve nations. The largest oil refinery, La Plata, produces 189,000 barrels of oil daily.
  • Why are oil and natural gas production rising in Argentina?
  • Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from the Vaca Muerta shale formation, which is offsetting declining output from conventional oil and natural gas fields.
  • Which countries export crude oil to Argentina in 2023?
  • Argentina's primary destinations for crude oil exports in 2023 were the United States, Brazil, and Chile. The recent completion of the Vaca Muerta Norte Oil Pipeline helped facilitate exports to Chile.
  • Is Argentina a good market for oil & gas extraction?
  • Argentina’s potential in oil and gas extraction is huge, and it has been strongly highlighted again by the crisis in the Ukraine. Dutch companies that offer services to this industry, especially those related to environmental protection may have good opportunities in this market.
  • Is Tecpetrol the largest oil & gas company in Argentina?
  • It is the largest private oil & gas company in Argentina, with 21% market share in oil production and 14% in gas production. TecPetrol, part of the Techint, an Italian-Argentine holding, announced investments of USD 400 million, similar to Vista Oil and Gas, a company that operates in Mexico and Argentina.