South America / GoM

Argentina flag
Summary | Profile

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
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)

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

29 Sep 20
Argentina: Echo Energy provides update on the Monte Aymond gas project in Santa Cruz Sur, Argentina
Echo Energy, the Latin American focused upstream energy company, has announced the completion of an initial assessment by the Company of the Monte Aymond gas project in Santa Cruz Sur, Argentina.
22 Sep 20
Argentina: President Energy announces workover and drilling update
AIM-listed President Energy has provided an update in relation to its operations in Rio Negro, Argentina as well as the release of the unaudited interim results for H1 2020.
15 Sep 20
Argentina: President Energy announces operational update
AIM-listed President Energy, the energy company with a diverse portfolio of production and exploration assets focused primarily in Argentina has provided an operational update in relation to its current Rio Negro operations in the Estancia Vieja and Puesto Flores fields.
09 Sep 20
Argentina: Echo Energy provides Santa Cruz Sur operational update
Echo Energy, the Latin American focused upstream oil and gas company, has provided an update on operations at its Santa Cruz Sur blocks onshore Argentina. The Company has been undertaking upfront work focused on increasing liquids production at Santa Cruz Sur.
03 Sep 20
Argentina: President Energy provides Rio Negro operational update
AIM-listed President Energy has provided an operational update on the results of its first well workover in the current programme at the Company's Rio Negro fields in Argentina.

Argentina - more news

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