The vice president Victoria Villarruel advocated developing Dead Cow to reach levels of oil and gas exports similar to agricultural products from the countryside.
“You are revolutionizing the oil and gas industry in the Argentine Republic,” the head of the Senate told the main oil businessmen with operations in the country. ““I am not going to talk to you about the particular issues of your industry and the advances in extraction techniques achieved to be able to efficiently exploit this basin, which is one of the most important shale basins in the world.”he continued.
“If we think about the path we have traveled in the last 10 years, shale oil and gas production has represented more than half of our country’s production. Not only that, but the industry has made enormous progress in reducing costs and productivity improvements”, the vice president highlighted.
In this framework, Villarruel said: “What we aspire to is that the massive development of dead cow can generate in the shortest possible time oil and gas exports for foreign currency equivalent to our agricultural exports.”
However, the head of the Senate advocated for some conditions to achieve similar hydrocarbon exports to the field. “It is essential in the first place to maintain peace. Well, in an environment of peace is where industry, transportation and commerce can reach their maximum development. And it is one of the prerequisites to be able to sustain legal security over time,” he emphasized. .
According to what he said at the event organized by the Texas chamber of commerce, the large investments necessary for the exploration and extraction of the product, its interprovincial transportation and Their division for both national and international trade requires as an “essential input a framework of legal security where the rule of law prevails. And that legal security depends mainly on us being able to maintain peace.”
Villarruel affirmed that in order to maintain peace it is essential to maintain justice. “In this framework we observe that for approximately 10 years our continent has been providing energy to the world. However, in some countries we need to establish the necessary policies to maximize the generation of wealth for the benefit of our people. There is a lot of interest in extracting but There is not so much prosperity that sometimes remains in the region. Therefore, it should serve as a warning to the rulers and determines the need to establish continental policies that protect us because in a world that has become so small, it is not prudent to try to protect alone. natural resources”.
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At the end of his speech, he assured that “the countries of America must cooperate to preserve our continent, from the Arctic to the Antarctic, from the challenges that threaten us. In this way we will be able to promote the efficient exploitation of our resources, ensuring economic benefits for our countries, by favoring long-term investment, employment and care of the environment. Why should we not deceive ourselves? Economic security is not dissociated from national security. We cannot seek prosperity in one place and security in another. We have the privilege of being living through a historic stage in the development of the exploitation of our natural resources. Our mission as rulers is to establish policies that ensure long-term peace and respect for the rights of all participants. And with this, the maximization of results will be obtained for everyone, the companies, the community in which they are inserted and mainly the country.”
The expert in the oil and gas industry and one of the founders and vice president of the Argentina-Texas Chamber of Commerce, Ariel Bossioasserted that we are experiencing a key moment for the energy industry at a global and national level. “This meeting represents a unique opportunity to strengthen ties between Argentina and the United States, two nations with vast potential for collaboration in the energy sector and other sectors,” he said.
Meanwhile, the Energy and Mining officer of the US embassy in Argentina, Karina Verasgave a message on behalf of absent ambassador Marc Stanley. “The United States remains a strong partner for Argentina, committed to accelerating the development of energy and critical mineral resources,” ihe indicated.
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“Our diplomatic, technical and commercial commitments are underway with the objective of guaranteeing Argentina’s success,” he added and reviewed recent bilateral cooperation events, such as a program for the Development of Commercial Law and a workshop on emissions mitigation. of methane, technical consultations with the Ministry of Energy on the electricity sector and the training two weeks ago in Jujuy, on the sustainable development of critical minerals, within the framework of the International Lithium Seminar organized by Panorama Minero in San Salvador de Jujuy.
“For us it was a pleasure to have the Government of the Argentine Nation as part of that commission. In August, we inaugurated a dialogue on energy security with Argentina, which marks a new chapter among our joint efforts to build a sustainable energy future and sure”, Veras concluded.
Source: Ambito
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