Trafigura targets Argentinian potential
Trading heavyweight acquires stake in President Energy, undeterred by the country’s financial and political risks
The political revival of former Argentinian president Cristina Fernandez de Kirchner, and the return to power of a Peronist left-leaning government in last October’s national election, struck fear into investors at the prospect of the country rolling back the business-friendly energy reforms of the previous Macri regime. Their dread was compounded by a looming IMF deadline on Argentina’s monumental debt. But while the arrival of a new government, headed by incoming president Alberto Fernandez and supported by vice-president Kirchner, has yet to define its new energy strategy, commodity trading firm Trafigura has demonstrated confidence in the country’s trajectory—acquiring a stake in the Ne
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
