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Statoil in negotiations about Argentine shale boom

The CEO of Argentina’s state-owned oil company is expected in Oslo today, Monday, for negotiations with Statoil concerning a possible partnership. Argentina has some of the most promising occurrences of shale oil in the world, and the country plans to invest more than USD 37 billion.

Photo: Casper Dalhoff

Statoil is in negotiations with Argentina’s state-owned oil company YPF concerning a joint venture to develop the country’s massive occurrences of shale gas. YPF will invest more than USD 37 billion in developing the country’s energy portfolio, writes Financial Times.

YPF’s CEO Miguel Galuccio is expected in Oslo today, Monday, for a meeting with Statoil senior executives, but at an investor conference in London the other day, Galuccio stressed that he was not meeting with Statoil alone.

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