Argentina’s Controversial Oil Pipeline Project in Patagonia
Argentina’s state-run YPF, along with Shell and Chevron, is constructing a 437 km pipeline to transport up to 700,000 barrels of oil daily by 2027. The project threatens the Valdés Peninsula, a UNESCO World Heritage Site, endangering marine life such as whales and sea lions. Environmentalists and locals express concerns over potential oil spills and ecological damage.
Peru and Ecuador Collaborate on Cross-Border Oil Pipeline
Petroperu and Petroecuador are drafting an agreement to build a 60 km pipeline linking Ecuador’s oil fields to Peru’s Talara refinery. The project aims to enhance crude transport efficiency and reduce reliance on costly methods. Petroperu anticipates a return to profitability by 2026 after a significant loss in 2025.
