Argentina Shale Can Resist Political Risk, Milei Oil Chief Says

Argentina’s plans to lure investors to finance shale oil and gas infrastructure can withstand short-term political risk, according the country’s energy chief, Daniel Gonzalez.

President Javier Milei’s sweeping market-oriented reforms over the past two years have helped shale producers and transporters access global credit, including a signature project-finance deal for a pipeline to export crude. But after voters in Argentina’s biggest province took the wind out of Milei’s sails in a Sept. 7 election, and gave a boost to the leftist opposition, markets have sold off and the country’s risk premium has jumped.

“When you build a pipeline for ...