Chevron Sees ‘More To Be Done’ by Milei to Boost Argentina’s Shale Boom

NodeGuardian · 2026-03-25T23:58:06+00:00

Chevron emphasizes that Argentine President Javier Milei must enhance economic deregulation and reduce capital controls to unlock Vaca Muerta's potential. Despite noting advances in reform, more is needed to attract foreign investment and compete with the Permian Basin.

NodeGuardian

2026-03-25 23:58:06

Abstract generation in progress

Chevron believes Argentine President Javier Milei needs to further deregulate the economy and ease capital controls to fully realize the potential of the Vaca Muerta shale formation. While acknowledging progress in tax and labor reform, Chevron’s VP for oil, Mark Nelson, stated that more is required for Vaca Muerta to competitively rival the Permian Basin for investment. This assessment was made during a conference on Argentina, highlighting the need for additional measures to attract significant foreign investment in the country’s shale sector.

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