The commodities trader and Generadora Metropolitana have jointly acquired the 273-MW Los Guindos plant in Biobío, on a corridor already fed by Neuquén gas: a firm new consumer for the same molecule Trafigura finances upstream.
The loading and export of crude from Neuquén Basin operators to the United States was carried out more efficiently and quickly thanks to newly inaugurated infrastructure built in partnership with Oldelval.
When different types of crude are compared, the mistaken idea sometimes arises that one type of oil is intrinsically “better” than another, but from a process engineering and asset-optimization perspective, the reality is very different.
In his previous address, Milei emphasized economic freedom and tax reforms as tools to fight poverty, casting the state as a problematic actor. This time, the Argentine president will focus on deregulation of the energy sector and Argentina’s role as an LNG supplier from the Vaca Muerta shale.
Saad Rahim, chief economist at Trafigura, one of the world’s leading commodity traders, is forecasting a 2026 marked by a crude oil oversupply, or “super glut,” which would have a direct impact on barrel prices. How local operators will adapt to this new global environment is one of the key questions heading into the year ahead.
