2024-09-10 03:50:00
Neuquen shows off his role The main export province of the Patagonia region. It surpassed the provinces of Chubut and Santa Cruz, which boosted export growth through sales of energy and primary products.
Vaca Muerta, in terms of exports, is far from the second Pampa Húmeda” loading=”lazy”/>
In the first half of 2024, Neuquén’s exports amounted to US$1.853 billionAccording to the “Provincial Export Origin” document released by the National Bureau of Statistics, it increased by 28.1% compared with the same period in 2023.
This growth is Mainly driven by crude oil exports, Leading the province’s transportation along with oil, natural gas and other gaseous hydrocarbons.
Patagonia comparison
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Compared with other provinces in the region, Neuquén stands out in terms of export volumes.
involvedl 36.9% of Patagonia’s total exportsNeuquen surpassed the provinces of Chubut and Santa Cruz, accounting for 31.7% and 20.7% respectively.
Although Chubut province is best known for its crude oil and aluminum production, Neuquen has experienced accelerated growth thanks to the extraction of Vaca Muerta, making it a regional leader in hydrocarbon exports.
This growth isn’t just about Patagonia; But it also puts it in a competitive position compared to the rest of the country.
According to the Indec document, at the national level, The Patagonia region as a whole contributes 13.2% of Argentina’s exportss, Neuquén was one of its biggest contributors.
In 2023, oil shipments via pipeline to the Bio-Bio refinery in Chile will be restarted.
Comparison with other regions shows that while the Pampina region remains the country’s main export region, accounting for 72.6% of the total,Patagonia is growing faster, outpacing regions such as the Northeast (NEA) and Northwest (NOA).
The difference between Neuquen and Neuquen Other provinces are also reflected in the diversification of export products.
While Neuquén focuses on oil and gas, Provinces such as Rio Negro have performed well in exporting fresh fruits such as pears and apples, driving the growth of fruit exports in the region.
At the industrial level, Manufacturer of Industrial Source (MOI) in Neuquén, Although small compared to energy exports, they also show continued growth.
Patagonia vs Pampina historical results
Compared to other Argentinian export regionsa. Patagonia pays more attention to fuel and energy exportsUnlike the Pampia region, which leads in primary products and agricultural manufactures.
Trasandino Petroleum Pipeline Company Anónima, Last May, Ortaza restarted the Trans-Andean oil pipeline connecting Neuquen and Chile. Oil pumping resumed for the first time since 2006.
Crude oil began to be transported through pipelines, 427 kilometers long, transporting Neuquén oil to Chilean refineriesThen it reaches the port of Concepcion, opening a new export route to the Pacific Ocean.
In early May 2023, YPF and ENAP signed an agreement to ship 41,000 barrels of oil per day to the Bío Bío refinery in Chile,Its processing capacity is 116,000 barrels per day. The agreement allows testing of crude oil density and completion of testing required for a full restart of the pipeline, which is currently operating normally.
Otasa expects production to reach 110,000 barrels per day by the end of 2024, which will further boost Vaca Muerta’s crude exports. arriveIn addition, this relaunch is added to other initiatives such as the expansion of the Oldeval pipeline, It aims to promote the growth of Neuquen’s oil production and bring it to historical levels.
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Argentina province codes
Neuquén: The Leading Export Province of Patagonia
Neuquén, a province in the Patagonia region of Argentina, has emerged as the main export province of the region, surpassing the provinces of Chubut and Santa Cruz. According to the ”Provincial Export Origin” document released by the National Bureau of Statistics, Neuquén’s exports amounted to US$1.853 billion in the first half of 2024, a 28.1% increase compared to the same period in 2023 [[2]].
Crude Oil Exports Drive Growth
The growth of Neuquén’s exports is mainly driven by crude oil exports, which account for a significant portion of the province’s transportation volume, along with oil, natural gas, and other gaseous hydrocarbons. The extraction of Vaca Muerta, a shale formation in Neuquén, has accelerated the province’s growth, making it a regional leader in hydrocarbon exports.
Neuquén Surpasses Other Provinces in Patagonia
Compared to other provinces in the region, Neuquén stands out in terms of export volumes, accounting for 36.9% of Patagonia’s total exports. The province has surpassed Chubut and Santa Cruz, which account for 31.7% and 20.7% of the region’s exports, respectively. Although Chubut is well-known for its crude oil and aluminum production, Neuquén’s accelerated growth has made it a regional leader in hydrocarbon exports.
Patagonia Region Contributes to National Exports
At the national level, the Patagonia region as a whole contributes 13.2% of Argentina’s exports, with Neuquén being one of its biggest contributors. In comparison, the Pampina region remains the country’s main export region, accounting for 72.6% of the total, while Patagonia is growing faster, outpacing regions such as the Northeast (NEA) and Northwest (NOA).
Diversification of Export Products
While Neuquén focuses on oil and gas, other provinces in the region, such as Rio Negro, have performed well in exporting fresh fruits like pears and apples, driving the growth of fruit exports in the region. At the industrial level, the Manufacturer of
Neuquén: The Backbone of Patagonia’s Export Powerhouse
In the first half of 2024, Neuquén, a province in the Patagonia region of Argentina, has emerged as the leading export province in the region, surpassing Chubut and Santa Cruz in terms of export volumes. According to the “Provincial Export Origin” document released by the National Bureau of Statistics, Neuquén’s exports amounted to US$1.853 billion, a 28.1% increase compared to the same period in 2023 [[1]].
Mainly Driven by Crude Oil Exports
The growth of Neuquén’s exports is largely driven by crude oil exports, which have become a significant contributor to the province’s economy. The extraction of Vaca Muerta, a major oil field in the region, has been instrumental in boosting export growth through sales of energy and primary products [[2]].
Patagonia Comparison
Neuquén stands out in terms of export volumes compared to other provinces in the region, accounting for 36.9% of Patagonia’s total exports. Chubut and Santa Cruz follow, accounting for 31.7% and 20.7%, respectively. Although Chubut province is known for its crude oil and aluminum production, Neuquen has experienced accelerated growth thanks to the extraction of Vaca Muerta, making it a regional leader in hydrocarbon exports.
National Level
At the national level, the Patagonia region as a whole contributes 13.2% of Argentina’s exports, with Neuquén being one of its biggest contributors. This growth puts Patagonia in a competitive position compared to the rest of the country.
Diversification of Export Products
While Neuquén focuses on oil and gas exports, other provinces in the region have diversified their export products. For example, Rio Negro has performed well in exporting fresh fruits such as pears and apples, driving the growth of fruit exports in the region. At the industrial level, Manufacturer of Industrial Source (MOI) in Neuquén, although small compared to energy exports, has also seen growth.
Regional Comparison
Comparison with other regions shows that while the Pampina region remains the country’s main export region, accounting for 72.6% of the total, Patagonia is growing faster, outpacing regions such as the Northeast (NEA) and Northwest (NOA).
Argentina’s Foreign Trade
Argentina’s foreign trade includes economic activities both within and outside Argentina, particularly with regards to merchandise exports and imports [[3]]. The country’s exports are diverse, ranging from energy products to agricultural products, and its main trading partners include Brazil, China, and the United States.
Conclusion
Neuquén’s emergence as the leading export province in the Patagonia region is a testament to the region’s economic growth and potential. With the extraction of Vaca Mu