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Vaca Muerta’s Oil Boom and Its Costs | Argentina News
Argentina’s oil reserves in Vaca Muerta just got a massive upgrade—now estimated at 30 billion barrels, nearly double the previous figure. This energy boom could double exports by 2031 and unlock $200 billion in foreign investment through initiatives like RIGI. But while the president in 2031 may reap the biggest rewards, today’s provinces like Neuquén feel left out, getting just 13% of each barrel’s value despite paying for infrastructure. As the nation celebrates newfound abundance, voters are watching closely—because without addressing rising household debt and high interest rates, this…
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