Particle.news
Download on the App Store
4 ARTICLES
·
4w ago

Argentina Secures US$2 Billion Loan for Vaca Muerta Pipeline

The first US$250 million tranche due next week is poised to support construction in Vaca Muerta, easing pressure on Argentina’s currency market.

Se inició la soldadura automática en la línea del oleoducto VMOS, en cercanías a la localidad de Chelforó, Río Negro
Image
Image

Overview

  • The VMOS consortium of eight oil producers led by YPF won a US$2 billion, five-year syndicated loan from a group headed by Citi, Deutsche Bank, Itaú, JP Morgan and Santander with 14 other banks.
  • Work is under way on the 440 km, 30-inch Vaca Muerta Sur pipeline and a deep-water terminal in Río Negro following closure of financing.
  • The project’s approval under the RIGI incentives regime secures fiscal and foreign-exchange benefits for investments exceeding US$200 million.
  • Operations are slated to begin at 180,000 barrels per day in late 2026 and ramp to 550,000 bpd by 2027, which is expected to boost oil export revenues by nearly US$14 billion annually.
  • Lenders backed the deal despite a US court order to transfer 51% of YPF shares to plaintiffs, signaling strong investor confidence amid legal uncertainty.