{"id":5641,"date":"2022-04-18T18:08:51","date_gmt":"2022-04-18T21:08:51","guid":{"rendered":"http:\/\/fund.ar\/publicacion\/the-evolution-of-the-hydrocarbon-sector\/"},"modified":"2022-11-03T12:35:52","modified_gmt":"2022-11-03T15:35:52","slug":"the-evolution-of-the-hydrocarbon-sector","status":"publish","type":"publicacion","link":"https:\/\/fund.ar\/en\/publicacion\/the-evolution-of-the-hydrocarbon-sector\/","title":{"rendered":"The Evolution of the Hydrocarbon Sector"},"content":{"rendered":"\r\n<p>Analyzing a country\u2019s energy mix is essential to understanding its economic development. This is especially true for countries that are not self-sufficient in energy, as in Argentina\u2019s case. This problem is all the more apparent in the current international context, in which the increase in hydrocarbon prices will cause a significant decline in Argentina\u2019s balance of trade for the sector this year.<\/p>\r\n\r\n\r\n\r\n<p>This study analyzes how Argentina\u2019s hydrocarbon sector has evolved in recent decades. It explores the obstacles the sector faced during the process of consolidating a sustained growth strategy and analyzes its potential, particularly in terms of the nonconventional energy resources available in the country.<\/p>\r\n\r\n\r\n\r\n<p>The first section of the study analyzes Argentina\u2019s hydrocarbon sector in the context of the energy transition that has begun internationally. The second section traces the development of Argentina\u2019s hydrocarbon sector following the privatization of state oil company YPF in 1992, including landmark moments such as its renationalization in 2012. The last section discusses the sector today and in the recent past before focusing on the future and the substantial opportunity that the nonconventional resources at Vaca Muerta constitute.<\/p>\r\n\r\n\r\n\r\n<p>By drawing on the nonconventional resources of the Neuqu\u00e9n basin, Argentina could potentially meet its demand for oil for almost a century and its demand for natural gas for twice that time. This implies being able to develop a new export platform for hydrocarbon resources in the coming decades. No other sector in the Argentinian economy has the potential to increase its exports as much as the hydrocarbon sector.<\/p>\r\n\r\n\r\n\r\n<p>In short, this paper aims to draw on historical evidence to identify how Argentina\u2019s regulatory framework needs to be modified to make the most of the historical window of opportunity that nonconventional resources represent. Developing these resources would imply a major contribution to the process of overcoming the external restrictions that the Argentinian economy has faced in recent decades and to financing the energy transition that the country must necessarily undertake over the 21st century.<\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">This study is the first in a series entitled <em>Opportunities for Argentina\u2019s Energy Matrix.<\/em> The second paper will focus on the electricity sector.<\/span><\/p>\r\n","protected":false},"featured_media":5331,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"tipo":[160,154],"serie":[168],"desafios":[246],"agendas":[176],"class_list":["post-5641","publicacion","type-publicacion","status-publish","has-post-thumbnail","hentry","tipo-policy-brief-en","tipo-working-document","serie-potentialities-of-the-argentine-energy-matrix","desafios-sustainable-productive-growth","agendas-politica-productiva-y-analisis-sectorial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Evolution of the Hydrocarbon Sector &#183; Fundar<\/title>\n<meta name=\"description\" content=\"An overview of the energy matrix of Argentina and the growth opportunities of the hydrocarbon sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fund.ar\/en\/publicacion\/the-evolution-of-the-hydrocarbon-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Evolution of the Hydrocarbon Sector &#183; Fundar\" \/>\n<meta property=\"og:description\" content=\"An overview of the energy matrix of Argentina and the growth opportunities of the hydrocarbon sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fund.ar\/en\/publicacion\/the-evolution-of-the-hydrocarbon-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Fundar\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-03T15:35:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fund.ar\/wp-content\/uploads\/2022\/04\/Hidrocarburos.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Evolution of the Hydrocarbon Sector\" \/>\n<meta name=\"twitter:site\" content=\"@fundesarg\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fund.ar\/en\/publicacion\/the-evolution-of-the-hydrocarbon-sector\/\",\"url\":\"https:\/\/fund.ar\/en\/publicacion\/the-evolution-of-the-hydrocarbon-sector\/\",\"name\":\"The Evolution of the Hydrocarbon Sector &#183; 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