Chevron to invest $500 million in Argentinian oil field

Jose Orozco, Bloomberg June 12, 2023

(Bloomberg) – Argentina and Chevron reached a deal where the oil company will invest up to $500 million in the El Trapial field in the Vaca Muerta deposit, Economy Minister Sergio Massa said on Twitter.

Chevron will invest $300 million by next week, Massa said. The company could invest another $200 million this year depending on the advances in the investment, he said.

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