LatinNews Daily - 07 May 2026

*Argentina’s Economy Minister Luis Caputo has announced that US oil company Chevron plans to submit a new project under the government’s incentive for large investments scheme (Rigi). Expected to be submitted in the coming days, the new Chevron investment will total over US$10bn. Caputo made the announcement after meeting with Chevron’s chief financial officer, Eimear Bonner, and chief corporate affairs officer, Laura Lane, in Los Angeles, California. Caputo is part of an Argentine delegation to the US, headed up by President Javier Milei who gave a speech at the 29^th annual conference of the US think tank Milken Institute yesterday. Media reports have highlighted the significance of the planned Chevron project for the development of Argentina’s Vaca Muerta shale oil and gas fields in Neuquén province. The US oil giant has already invested in Vaca Muerta oil infrastructure development, through a partnership with other firms such as Argentina’s state oil company Yacimientos Petrolíferos Fiscales (YPF). News website Bloomberg Línea has reported that, when the new Chevron investment is finalised, it would be the first US oil project in Vaca Muerta which is not tied to YPF’s Vaca Muerta Oleoducto Sur (VMOS) consortium.

End of preview - This article contains approximately 194 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial