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Economy & Business - December 2010 (ISSN 1741-7430)

ENERGY SHALE GAS: A big project for Argentina

On 7 December Repsol-YPF announced the discovery of an important shale gas field in the Patagonian province of Neuquén. The field will be developed by Repsol-YPF in conjunction with a Brazilian mining company, Companhia Vale do Rio Doce (Vale). The US$5bn project to develop the shale gas will be biggest foreign direct investment (excluding takeovers) in Argentina.

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