The extraction of oil and gas is one of Argentina’s main economic sectors, accounting for 2.7% of GDP and 1% of exports in 2017, as well as 1% of total employment at the end of that year. Oil and natural gas are the main sources of energy in the country, with a combined share of 84% in domestic energy matrix since 2016. However, since 2011 the country has been continually moving further and further away from energy self-sufficiency due to a prolonged period of declining output, caused by a sustained fall in investments and political and economic uncertainty. Nevertheless, Argentina has significant growth opportunities in terms of unconventional resources, holding the world’s fourth largest shale-oil and second-largest shale-gas reserves, according to the latest available estimates, which were released by the US Energy Information Administration (EIA) in 2016.

01 EXECUTIVE SUMMARY

02 SECTOR IN FOCUS

03 COMPETITIVE LANDSCAPE

04 COMPANIES IN FOCUS

05 REGULATORY ENVIRONMENT

06 OIL

07 NATURAL GAS

08 RETAIL CHANNELS