U.S. energy companies to invest 800 million dollars in Argentina

Posted on September 28, 2011 • Filed under: Argentina, Business, Enviromental Issues, Oil

Argentina’s President Cristina Fernandez met in New York with leaders of American energy companies Exxon Mobil, the world’s largest oil-and AES, which have revealed that the president plans a multimillion-dollar investment of 800 million. Argentine Planning Minister Julio de Vido said the plan means that Exxon, as the Argentine government has known Mark Alberts, president of the company, investing $ 120 million to enhance the exploration of oil deposits in the Neuquén province. However, the highlight is the 400 million that the company will invest up to 2015 to increase oil production by 8%. Read Article

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