South America / GoM
Country profile: Argentina
| Location: | Southern South America, bordering the South Atlantic Ocean, between Chile and Uruguay,0,0,0 |
| Climate: | mostly temperate; arid in southeast; subantarctic in southwest |
| Terrain: | rich plains of the Pampas in northern half, flat to rolling plateau of Patagonia in south, rugged Andes along western border |
| Size: | 2766890 sq. km total (Land area: 2736690 sq. km Water area: 30200 sq.km) |
| Population: | 40,677,348 (July 2008 est.) |
| Languages: | Spanish (official), Italian, English, German, French |
| Government: | republic |
| Capital city: | Buenos Aires |
| Legal system: | mixture of US and West European legal systems; has not accepted compulsory ICJ jurisdiction |
| Currency: | Argentine peso (ARS) |
| Licensing: |
Country profile
Argentina is one of South America’s largest economies. Argentina’s gross domestic product (GDP) grew by 8.4 percent in 2006 and 7.9 percent in 2007. This high level of economic growth has led to a corresponding increase in the demand for energy, especially natural gas. In contrast to the increase in demand, domestic production of oil and natural gas have stagnated and exports have declined. The imbalance between rising domestic energy demand and falling energy production has reportedly lead to sporadic shortages of electricity and natural gas, such as in June 2007, when the country experienced unusually-cold weather.
Energy production and consumption
| Oil | Gas | |
| Production: | 801,700 bbl/day (2005 est.) | 43 billion cu m (2005 est.) |
| Consumption: | 480,000 bbl/day (2005 est.) | 38 billion cu m (2005 est.) |
| Exports: | 367,600 bbl/day (2004) | 6 billion cu m (2005 est.) |
| Imports: | 21,650 bbl/day (2004) | 1 billion cu m (2005) |
| Reserves: | 2 billion bbl (2007 est.) | 512 billion cu m (1 January 2006 est.) |
| Major fields: |
Argentina - recent news
| 17 Oct 25 |
Argentina: GeoPark completes acquisition in Vaca Muerta and initiates operatorship of two high-quality blocks GeoPark has announced the completion of its previously announced acquisition from Pluspetrol of a 100% operated working interest in the Loma Jarillosa Este and Puesto Silva Oeste blocks, located in the black oil window of the Vaca Muerta formation in Neuquén Province, Argentina. |
| 12 Oct 25 |
Argentina: The President of Argentina Javier Milei meets with Eni CEO Claudio Descalzi The President of the Republic of Argentina, Javier Milei, met with Eni's CEO, Claudio Descalzi, in Buenos Aires to discuss Eni's projects in the country and possible future initiatives. |
| 26 Sep 25 |
Argentina: GeoPark Enters Vaca Muerta as Operator of Two High Quality Blocks GeoPark has entered into an agreement with Pluspetrol to acquire a 100% operated working interest in the Loma Jarillosa Este and Puesto Silva Oeste blocks that target black oil in the Vaca Muerta formation in Neuquen Province, Argentina. |
| 24 Sep 25 |
DOF Group announces contract extension for Skandi Patagonia The new contract will see it continue with its current client, Total Energies, in Argentina for a period of three years, with two further one-year extension options. The new contract will see it continue with its current client, Total Energies, in Argentina for a period of three years, with two further one-year extension options. |
| 13 Sep 25 |
Argentina: Vestas announces two orders in Argentina for a total of 217 MW Vestas has announced two orders in Argentina for a total of 217 MW; one for 186 MW and one for 31 MW, as part of its Q3 order intake. |
Argentina - more news
Other countries in this region
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Bolivia,
- Brazil,
- Canada,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- Falklands,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Guyana,
- Honduras,
- Jamaica,
- Mexico,
- Nicaragua,
- Panama,
- Paraguay,
- Peru,
- Suriname,
- Trinidad,
- Uruguay,
- USA,
- Venezuela
