La Pampa forms Pampetrol oil co

The government of Argentina's La Pampa province has formally established local oil company Pampetrol in which the state has majority participation, the provincial government said in a statement. The company will conduct exploration work in new areas the province is tendering, aiming to perform works in cooperation with Argentine companies, according to the statement. Pampetrol will "improve and make more efficient the use of oil resources the province has, fundamentally for when production starts and for environmental maintenance," La Pampa production minister Ricardo Moralejo said. Provincial government officials were not available to provide more information when contacted by BNamericas.