Russian Company to Provide Equipment for Argentinian Oil & Gas Field

Argentina’s largest shale oil and gas field, Vaca Muerta, will use oil and gas equipment produced by a Russian manufacturer, the head of World Business Partners Argentina, Olesya Kazakova, which represents the interests of a number of Russian and Argentinean enterprises, told RIA Novosti.

The agreement followed several working visits to the site in the Santa Fe province as well as negotiations held in Moscow between Russian and Argentinian businesses and officials, including representatives of Russia’s Industry and Trade Ministry, the news agency reports.

The management and owners of Scorza Argentina, a major producer of utility equipment, visited the Galich Mobile Crane Plant in central Russia to evaluate production capabilities.

“The companies signed a memorandum of intent and agreed that the Russian plant will present the project for a special 70-tonne crane specifically for oil work at the Vaca Muerta field,” Kazakova said, adding that future joint oil production is also under discussion.

“The main priority business in Argentina at the moment is the oil and gas sector, and in this regard, companies are in a hurry to diversify their business, and each time they are increasingly interested in specialized equipment used in such large projects as oil production and mining,” Kazakova added.

Russian business representatives are expected to visit Argentina in the future.