2024-10-31 03:31:00
Against the backdrop of national export growth of 15.5%, Neuquén province ranks fourth in the oil industry.
Between January and September 2024, Neuquén ranked fourth in the province’s export rankings, accounting for 4.9% of the country’s total exports and earning US$2.87 billion.
Crude oil is established as the main export product of Neuquén province, The foreign exchange earned was approximately US$2.287 billion, equivalent to 79.7% of the province’s exports.a, according to a report by the National Statistics and Census Institute Indec, compiled by Politikon Chaco.
This trend confirms the central role of energy resources in Neuquen’s economy and their relevance in Argentina’s foreign trade. Hydrocarbon production remains an important source of foreign exchange for the region, driven largely by the development of Vaca Muerta, the world’s largest unconventional hydrocarbon reservoir.
At the national level, In the first nine months of 2024, Ukraine-Kenya’s cumulative export volume increased significantly by 15.5%, reaching US$59.124 billion.. In terms of volume, there was a 42% increase, driven primarily by natural resource-producing areas.
Neuquén is the fourth largest exporter in the country
Patagonia, including Neuquén, It accounts for 13.3% of the country’s total exports and is the second largest exporting region. Second only to the Pampia region.
Other Patagonian provinces, e.g. The provinces of Chubut and Santa Cruz also have a strong presence in exports, This highlights the importance of mineral and energy resources in the south of the country.
of this performance Neuquén and other Patagonian provinces are crucial to diversifying Argentina’s exports,They still maintain a dominant position in agricultural products and agricultural products in the Pampia region.
Advances in Oil Extraction and Export Energy resources have become an important pillar for the country’s sustainable development.international trade.
So the data shows After resuming oil exports to Chile after 17 years, Neuquén capitalized on a national wave favoring foreign sales.Supplies have been cut off.
Among the cumulative exports corresponding to January to September 2024, the export volume of 3 provinces is higher than Neuquén:
- buenos airesAccounting for 36.9% of the national total ($21.796 billion).
- Santa Feaccounting for 18.2% of exports (USD 10.785 billion).
- Cordobaaccounting for 12.8% of the national total (US$7.576 billion).
These provinces concentrate most of Argentina’s exports, cIn stark contrast to Neuquen’s oil-based industry, the focus is on agro-industrial products and manufacturing.
Why can’t more gas be exported to Chile?
On this occasionAt last week’s Argentinian oil and gas exhibition in Neuquen, Bio Bio governor Rodrigo Díaz confirmed that the natural gas pipeline to the Pacific was not fully utilized because of current concerns about Interest in this fuel remains low. Rub, Minister of Infrastructure of the City of NeuquénIn Echeverri, he promised that companies investing in the use of natural gas could negotiate.
it still exists anyway Neighbors are distrustful because exports are now conducted in an interruptible manner. It said Argentina could cut supplies if supplies in the domestic market were threatened. The current contract maintains a natural gas transportation volume of 300,000 cubic meters per day.
About oil, Díaz said the Trans-Andean oil pipeline was at two-thirds capacity to supply Andean refineries. Until last year, southern Chile’s oil supplies were imported by ship.
Argentina On May 16, 2023, the company once again exported oil to Chile through the Trasandino Pipeline. This comes after 17 years of no shipments. The 427-kilometer-long pipeline can transport 115,000 barrels of oil per day.
exit Natural gas remains within certain limits. It was reactivated in 2018 but since it is interruptible IThe business sector of the trans-Andean country will not risk finding new alternatives for its energy matrix. Today, their gas supplies are imported via ships.
1730354121
#Neuquén #ranks #fourth #among #provinces #exports
**Interview with Dr. Lucia Mendoza, Economic Analyst at the National Institute of Hydrocarbons**
**Editor:** Welcome, Dr. Mendoza! Neuquén Province has made significant strides in the export sector, particularly in oil. Can you provide some insights into Neuquén’s current standing in the export market?
**Dr. Mendoza:** Thank you for having me! Yes, Neuquén has indeed risen to become the fourth largest exporter in Argentina, contributing about 4.9% of the nation’s total exports. In the first three quarters of 2024, the province’s exports totaled approximately $2.87 billion, with crude oil being the standout performer.
**Editor:** That’s impressive! You mentioned that crude oil accounts for nearly 80% of Neuquén’s exports. How does the Vaca Muerta formation influence this?
**Dr. Mendoza:** The Vaca Muerta formation is crucial as it houses the world’s largest unconventional hydrocarbon reservoir. Its development has led to a boom in oil production, significantly bolstering Neuquén’s economy and enhancing its position in international trade. This is part of a broader trend in Argentina where regions rich in natural resources are driving export growth.
**Editor:** With Argentina experiencing a national export growth of 15.5%, how do you see the role of energy resources in the country’s economic landscape?
**Dr. Mendoza:** Energy resources, particularly hydrocarbons, have become a cornerstone of Argentina’s economic strategy. They not only contribute significantly to international trade but also promote sustainable development. This diversification away from traditional agricultural products is vital for stabilizing the economy, especially given the country’s fluctuating agricultural yields.
**Editor:** We also see that other Patagonian provinces are contributing significantly to exports. How does Neuquén compare to provinces like Buenos Aires and Santa Fe?
**Dr. Mendoza:** While Buenos Aires and Santa Fe dominate the export landscape with their focus on agro-industrial products, Neuquén’s oil-based industry sets it apart. Each region plays a distinct role in Argentina’s export profile, but Neuquén’s contribution of energy resources is essential, especially amidst global energy demands.
**Editor:** Lastly, there have been challenges regarding natural gas exports to Chile. What’s the current situation?
**Dr. Mendoza:** Indeed, despite the infrastructure like the natural gas pipeline to the Pacific, full capacity isn’t being utilized mainly due to fluctuating market interests in natural gas. The Argentine oil and gas exhibition provided a platform to address these concerns, but it seems that for now, the focus remains on optimizing the current production and export capabilities.
**Editor:** Thank you, Dr. Mendoza, for sharing your insights. It’s clear that Neuquén is at the forefront of Argentina’s export growth, particularly in the oil sector.
**Dr. Mendoza:** Thank you for having me! The future looks promising as we continue to explore and harness our energy resources effectively.
