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YPF SA and Petroliam Nasional Bhd. (Petronas) sign an agreement to develop shale oil in Argentina's Vaca Muerta formation. This partnership involves an initial investment of over $500 million, with the potential for further investment of up to $9 billion over the next decade. The project aims to tap into the significant oil reserves in the remote Patagonian region.
Wednesday, 27 August, 2014