How Will The Petrobras Scandal Impact Investments In Argentina?

Patrick Archer competitiveness, foreign investment, real estate

With top executives already in jail, 62 alleged bribe-receiving politicians sweating bullets and dozens of companies now under investigation, how will the Petrobras scandal impact the Brazilian oil giant’s investments in Argentina? A detailed analysis in today’s iProfesional poses that question and puts the magnitude of the scandal in local terms: the estimated US$45 billion in illegal surcharges, bribes and kickbacks is …

Argentina Needs To Invest US$290 Billion In Infrastructure By 2024

Patrick Archer competitiveness, foreign investment, real estate

Argentina will need to invest US$290 billion over the next ten years in order to finance the myriad large-scale infrastructure projects the country needs to either initiate or expand. The estimates from Argentina consulting firm, E&R, which cautions: “reaching an agreement (with the holdouts) would be critical in order to attract the foreign direct investment (FDI) and secure financing for …

Chevron Announces Expanded Drilling Plan For Vaca Muerta Shale

Patrick Archer competitiveness, foreign investment, us companies

Nine months after signing an agreement with YPF to explore oil and gas resources in Argentina’s Neuquen province, Chevron (NYSE: CVX) just announced an expanded drilling plan for the Vaca Muerta shale formation. “Chevron Will Drill 140 Wells In Vaca Muerta This Year” is the headline of iProfesional’s summary of the Chevron announcement which includes the California-based company’s outlook for …