Argentine oil pipeline operator Oleoductos del Valle (Oldelval) will invest $750 million to double its transport capacity from the Vaca Muerta shale formation, the country’s energy ministry announced Friday, hoping to boost exports and dollar reserves. Oldelval aims to boost capacity to 72,000 per day from 36,000 cubic meters in two years, the ministry said, a project which should require a further 525 km (326 miles) of pipes to be laid and create 1,200 jobs. That could boost Argentina’s total oil exports to 250,000 barrels per day, the energy ministry estimated, with Vaca Muerta currently the world’s second-largest reserve of shale gas reserve and fourth-biggest for shale oil. “This project will allow us to double our transport capacity and allow the country to generate between $4 billion and $6.5 billion,” Oldelval Chief Executive Ricardo Hosel said in a statement. “This is a very […]