Argentine government states its energy trade deficit expectation for 2015

The Argentine government says that lower global oil prices, along with increased domestic output, will reduce Argentina's energy trade deficit by 16% in 2015 to $5.6 billion, according to Reuters.

To help reverse the country’s energy trade deficit, Reuters notes that Argentina is encouraging production in its vast Vaca Muerta shale formation. International energy companies are making initial investments in this formation.

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