Blue Dollar Updates

Argentine energy trade balance highest in decade in first half

Argentina’s energy trade balance solidified its role as a primary contributor to the nation’s foreign currency earnings in the first half of 2026.According to a report by economist Nadin Argañaraz, the sector’s surplus improved by US$2.2 billion compared with the same period in 2025, almost entirely due to a sharp increase in energy exports. The … Read more

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Argentina’s Pampa Approves Major Urea Plant

The first new facility of this kind to be approved by Pampa Energia SA in over 25 years is a 2.7 billion US dollar urea fertiliser factory on the Atlantic coast of Argentina. Although Argentina has lately prioritised oil production from its prolific Vaca Muerta shale deposit due to its ease of transportation and export, … Read more

Is it possible for Argentina to export gas and oil across the Pacific?

Chilean Energy Minister Ximena Rincón recently toured the Vaca Muerta field in Neuquén province, extending an invitation to Argentina to utilise their Pacific coast ports for the export of oil and gas to Asian markets. A communiqué from Chile’s foreign ministry provided additional insights on the proposal. “Chile can serve as a close, stable, and … Read more

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Milei relies on the caste for re-election support

President Javier Milei understands more than anyone that the paramount objective in life is to steer clear of unforced errors. It is noteworthy that the application of that rule to the case of Manuel Adorni, his now former Cabinet Chief, was delayed significantly. Adorni’s rags-to-riches narrative captivated the public for more than three months, ultimately … Read more

Blue Dollar Updates

Chevron Joins Drillers for Argentina Shale NGL Project

Certain sources indicate that Chevron Corp, along with two other significant Argentine shale producers, is set to finalise contracts this week for a natural gas liquids project. This development strongly suggests that the US$3-billion initiative is poised to proceed. Certainly, Chevron, the prominent US supermajor, is looking to increase its activities in the Vaca Muerta … Read more

Argentina Faces Winter Gas Crisis Amid Rising LNG Costs

Cold temperatures, the conflict in the Middle East, and an unsuccessful liquefied natural gas tender pose significant risks to Argentine industries, potentially increasing costs and leaving them without natural gas as winter draws near. The situation arises from local legislation that prioritises households and small businesses over industrial users in the event of a gas … Read more

Blue Dollar Updates

Patagonia Workers Set to Thrive in Milei’s Economic Strategy

The Argentine Patagonia region is poised to become the primary driver of new employment opportunities in the forthcoming years, fueled by substantial oil and mining investments promoted by President Javier Milei’s administration, as indicated by the latest report from the Fundación Mediterránea think tank. The southern part of the country region emerges as the primary … Read more

LNG Carrier at Sea

Italian-Argentine Team Secures Vaca Muerta’s Biggest LNG Project

A consortium comprising Argentine construction firm Víctor Contreras and Italian company Sicim has secured the contract to construct the largest liquefied natural gas pipeline in the Vaca Muerta oil and gas field, facilitating Argentina’s ability to export this essential commodity. The decision was reached unanimously by San Matías Pipeline, the consortium responsible for the project, … Read more

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Argentina Week Draws Billions but Faces Political Questions

Argentina Week, an event in New York City orchestrated by the Argentine government to draw foreign investment, concluded on Friday following a week filled with discussions involving investors and business leaders. Economy Minister Luis Caputo described it as “wonderful. Everyone in attendance could see that the interest in investing in Argentina’s real economy is at … Read more

Blue Dollar Updates

Milei Dismisses Techint’s Rocca as Indian Firm Lands Pipeline Deal

A prominent pipeline initiative endorsed by Javier Milei’s administration opted for a foreign supplier rather than a domestic behemoth led by one of Argentina’s wealthiest individuals, serving as a litmus test for the President’s commitment to a free-market approach aimed at liberalizing a protectionist economy. Southern Energy SA, the private consortium spearheading the construction of … Read more