They launch financing for $10,000 million for oil SMEs in Neuquén

They launch financing for $10,000 million for oil SMEs in Neuquén

The event will take place at the base of the Industrial Park of a Neuquén company, which has been awarded part of the layout of the new Oldelval pipeline, with the participation of the candidate for provincial deputy for the Frente de Todos Dario Martinez.

The former Secretary of Energy expressed that “we work with businessmen from Neuquén, and thus a vital tool for their development is made available to oil SMEs.”

Martinez further stated that “The takeoff of Vaca Muerta needs SMEs and Neuquén companies growing in size, equipment and capacity, to maximize the use of the wealth of our gas and oil”.

The candidate for provincial legislator added that the national government “is absolutely convinced that the priority use of resources should be for the producing regions, for their workers, SMEs and local companies; for this reason, it provides $10,000 million in credits for investments and working capital”.

The former official anticipated that the credit operation of the Ministry of Economy and the Secretary of Industry will grant up to $150 million per company with a subsidy of 20% per year in the interest rate.

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Resources. The province’s oil production in December was 308,660 barrels, according to information from the Neuquén Ministry of Energy and Natural Resources.

Oil production growth

Oil production in Neuquén reached a new record in Januaryto get to peak of 315,340 barrels per dayWith which surpassed the december marka month in which 308,660 barrels per day had been produced, with a strong impact on the performance of the Vaca Muerta formation. Governor Omar Gutiérrez expects to reach 400,000 barrels per day by the end of the year.

According to what was reported by the Ministry of Energy and Natural Resources, the figure for January meant an increase of 2.16% compared to December last year and 23.98% compared to the same month of 2022.

The increase was mainly explained by the increase in production from the La Amarga Chica, Sierras Blancas, Aguada del Chañar and Coirón Amargo Sureste areas.

Source: Ambito

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