Argentina Eyes Record Energy Trade Surplus in 2024

INSUBCONTINENT EXCLUSIVE:
energy sector.After facing a $4.4 billion deficit in 2022, the nation balanced its energy trade in 2023
diesel imports.This year, oil exports could hit $5.087 billion, up 30%, with daily shipments averaging 175,000 barrels.This jump is tied to
enhancing connections to both Atlantic and Pacific coasts, promise to further elevate export levels.Argentina Eyes Record Energy Trade
Surplus in 2024
(Photo Internet reproduction)Moreover, the completion of the Oldelval pipeline expansion will facilitate crude transport from Vaca Muerta to
million and a gas export deal with Bolivia reflect efforts to secure winter energy supplies.Post-July, the focus shifts to using Vaca Muerta
gas to satisfy domestic needs via the northern reversal pipeline.Diesel and gasoline, once heavy drains on foreign currency, are predicted
to see a spending cut to $1.638 billion in 2024, as their use in electricity generation diminishes.This potential surplus, unmatched since