Trafigura, Vista to Take Over Aconcagua Pending Restructuring

Argentine oil company Petrolera Aconcagua Energia SA will hand 90% of its shares to Tango Energy SAU, which is controlled by a unit of trading house Trafigura Argentina and shale driller Vista Energy, if it successfully restructures at least 90% of its debt, according to a regulatory filing dated July 18.

• Tango, in which oil veteran Pablo Iuliano also has an interest, would inject $36 million into Aconcagua and Iuliano would become chief executive officer
• NOTE: Aconcagua’s assets include a 2023 acquisition from Vista Energy that it hasn’t fully paid off
• NOTE: Argentina Oil Driller Aconcagua to Start Debt ...