Dow projects US$2bn investment in Argentina shale

Tuesday, October 18, 2016

Accumulated investment by Dow Chemical at the El Orejano shale gas project in Argentina's Neuquén basin will reach US$700mn by end-2017 and US$2bn over the coming years.

That's according to Dow Argentina CEO Gastón Remy, who told state news service Télam that El Orejano, a joint venture with Argentine national oil company YPF, "has completely exceeded our expectations."

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Argentina contains the world's second largest technically recoverable shale gas reserves.