Dow may exit Argentina shale | August 28, 2017 Issue - Vol. 95 Issue 34 | Chemical & Engineering News
Volume 95 Issue 34 | p. 14 | Concentrates
Issue Date: August 28, 2017

Dow may exit Argentina shale

Department: Business
Keywords: Latin America, petrochemicals, shale

Dow Chemical is reevaluating its Argentine shale partnership with the state oil company YPF, Argentine energy minister Juan José Aranguren told Bloomberg News in an interview. Dow wouldn’t confirm to C&EN whether it is considering a sale. “Dow, which was an early investor and supporter of both YPF and the government’s strategy, remains fully committed to our strategic relationship with YPF and constantly evaluates new strategic opportunities in every region,” the company says. Dow has been developing shale gas wells in Argentina’s Neuquén province since 2013. The company consumes natural gas at an ethane extraction joint venture and a downstream petrochemical complex in Bahía Blanca, Argentina.

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