The measure was adopted after identifying exportable balances, following the granting of preferential marketing rights to ensure domestic supply

Paraguay is advancing in talks with energy companies and high-ranking government officials from Argentina and Brazil about a potential $1.5 billion gas pipeline to connect the three countries

U.S. energy giant ExxonMobil Corp, opens new tab is weighing offers for its oil and gas assets in Argentina’s Vaca Muerta shale region

Argentine energy firm Compañía General de Combustibles (CGC) said it had acquired the local operation of China’s Sinopec Group, helping it increase its production to over 50,000 barrels of oil equivalent per day

The national government set the local crude oil reference price at u$s45 per barrel, in a bid to protect the country’s hard-hit sector from the impact of the coronavirus pandemic and low global prices

The crisis unleashed by the Coronavirus pandemic and the collapse of the international oil prices reactivated the debate on a new implementation of the so-called “Criollo barrel”

The preventive and compulsory social isolation ordered by the national government had an immediate effect on fuel demand, and oil and petrol stations registered an initial drop in sales of up to 85% across the country