In an article published by LatinFinance on January 5, Cefeidas Group Managing Director Juan Cruz Díaz was quoted on the Argentine government’s preparation of new incentives to encourage the development of Vaca Muerta, one of the world’s largest shale oil and gas deposits.
Despite the uncertainty in Argentina, there is potential for a pickup in investment. Juan Cruz Díaz, managing director of Cefeidas Group, an international advisory firm in Buenos Aires, said oil companies are slowly starting to revive projects after slowing investments during the first months of the COVID-19 pandemic.
“Things are not fantastic, but there is a sense of less pessimism,” he said.
If the COVID-19 vaccines work, global oil demand and prices could pick up again and encourage new investment in Vaca Muerta, Díaz said.
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