After years of currency chaos and regulatory paralysis that drove oil majors out of Argentina, President Javier Milei has set out to remake the country into a regional energy powerhouse. His sweeping deregulation freed up oil exports, attracted foreign capital, and revived activity in Vaca Muerta, one of the world’s largest shale formations. Yet the path to energy independence remains fragile. Falling oil prices, rising costs, and unfinished infrastructure threaten to stall progress, while the peso’s stability now depends on unprecedented…

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