Overview
- Jorge Sapag said Vaca Muerta guarantees Argentina’s energy security in a volatile global market.
- He tied the risk of a Strait of Hormuz shutdown to supply shocks that make domestic output more valuable.
- The former Neuquén governor said the field supplies about 70% of national oil and gas and helps avoid roughly US$20 billion in imports.
- He projected a net US$30 billion boost to the trade balance by 2030–31 if current growth persists.
- Industry data showed record February oil output of 874,000 barrels a day, with Vaca Muerta at 68% of crude and 56% of gas.