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02

Exxon CEO Says Argentina Shale Investment May Exceed $10 Billion

By Tony Seruga

Plan for Vaca Muerta full development would span 20-30 years
Co. will start pilot project in the coming months: Tillerson

Exxon Mobil Corp. may invest more than $10 billion in Argentina’s Vaca Muerta shale formation in the next decades, Chairman and Chief Executive Officer Rex Tillerson said Thursday.

The oil giant has so far invested $200 million in the world’s second largest shale gas deposit, Tillerson said after meeting with Argentine President Mauricio Macri in Buenos Aires. Exxon has received approval to invest $250 million more for a pilot project in the coming months…

Exxon CEO Says Argentina Shale Investment May Exceed $10 Billion

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