Market Size of Argentina Oil and Gas Downstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 1.13 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Oil and Gas Downstream Market Analysis
The market for oil and gas downstream in Argentina is expected to register a CAGR of more than 1.13% during the forecast period of 2020 - 2025. Factors, such as increasing demand for natural gas and rising production of oil in the country, are expected to drive the demand for the Argentina oil and gas downstream market during the forecast period. However, decreasing the consumption of oil is hindering the growth of the market.
- The prospects of refineries in Argentina are quite optimistic due to the increase in production levels of the shale play. This, in turn, is expected to boost the domestic refining capacity in the coming years.
- Investments in the upstream and downstream oil and gas activities in Argentina are likely to create immense opportunities for the market studied.
- Increasing the production of oil and gas is expected to boost the oil and gas downstream sector. Also, increasing investments in refineries and petrochemical plants are further aiding the growth in the industry.
Argentina Oil and Gas Downstream Industry Segmentation
The Argentine oil and gas downstream market report includes:
| Process Type | |
| Refineries | |
| Petrochemical Plants |
Argentina Oil and Gas Downstream Market Size Summary
The oil and gas downstream market in Argentina is poised for modest growth, driven by increasing natural gas demand and rising oil production. The country's shale play, particularly Vaca Muerta, is significantly enhancing production levels, which is expected to bolster the domestic refining capacity. Despite challenges such as declining oil consumption due to economic factors, the market is seeing optimistic prospects for refineries. Investments in both upstream and downstream activities are anticipated to create substantial opportunities, with a focus on expanding refinery and petrochemical plant capacities. This growth trajectory is supported by the expansion of facilities like the Campana Refinery and potential capacity increases at the La Plata refinery.
The market landscape is moderately consolidated, with key players including Axion Energy, Yacimientos Petrolíferos Fiscales SA, Pan American Energy SL, Pampa Energia SA, and Raizen SA. The decline in natural gas imports, coupled with a significant rise in domestic production, underscores the shifting dynamics in Argentina's energy sector. The increase in shale gas production is a critical factor in this transformation, contributing to a recovery in oil and gas production and enhancing refinery throughput. As a result, the oil and gas downstream sector is expected to experience gradual growth, supported by these strategic developments and investments.
Argentina Oil and Gas Downstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Refining Capacity and Forecast, in thousand barrels per day, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE ANALYSIS
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2. MARKET SEGMENTATION
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2.1 Process Type
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2.1.1 Refineries
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2.1.2 Petrochemical Plants
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Argentina Oil and Gas Downstream Market Size FAQs
What is the current Argentina Oil and Gas Downstream Market size?
The Argentina Oil and Gas Downstream Market is projected to register a CAGR of greater than 1.13% during the forecast period (2024-2029)
Who are the key players in Argentina Oil and Gas Downstream Market?
Axion Energy , Yacimientos Petrolíferos Fiscales SA , Pan American Energy SL, Pampa Energia SA and Raizen SA are the major companies operating in the Argentina Oil and Gas Downstream Market.
