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International Dealmaking

Argentina, China
Beijing bids for major share in operation of giant Argentine gas field

Oil pipelines and storage facilities are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina, 15 February 2023.
Oil pipelines and storage facilities are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina, 15 February 2023.© Matías Baglietto/NurPhoto/NurPhoto via AFP

Beijing is using its diplomatic and financial firepower to try to convince Argentina to give it a major role in exploitation of the giant Vaca Muerta gas and oil formation. The United States is looking on with concern as China and Argentina forge increasingly close relations.

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