Overview

• Argentina is projected to close 2025 with about 46 million cubic meters of oil and 53.4 billion cubic meters of gas, according to the Bolsa de Comercio de Rosario.
• From January to July, oil output rose roughly 11% and gas production increased about 4% versus the same period in 2024.
• Non‑conventional crude accounts for about 60% of oil produced so far in 2025, up from under 25% in 2020 and under 5% in 2015.
• Energy exports grew around 11% in the first half of 2025 as energy imports fell more than 23% and gas imports dropped 46%, yielding a projected surplus above US$3.76 billion and the largest in 35 years, per official data cited by the BCR.
• The report highlights the Perito Moreno gas pipeline expansion, the reversal of the Gasoducto Norte to supply northern provinces and enable future sales to Bolivia and Brazil, and the Vaca Muerta Oleoducto Sur to scale seaborne crude exports.