Argentina Oil and Gas Downstream Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.13 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Argentina Oil and Gas Downstream Market Analysis
The market for oil and gas downstream in Argentina is expected to register a CAGR of more than 1.13% during the forecast period of 2020 - 2025. Factors, such as increasing demand for natural gas and rising production of oil in the country, are expected to drive the demand for the Argentina oil and gas downstream market during the forecast period. However, decreasing the consumption of oil is hindering the growth of the market.
- The prospects of refineries in Argentina are quite optimistic due to the increase in production levels of the shale play. This, in turn, is expected to boost the domestic refining capacity in the coming years.
- Investments in the upstream and downstream oil and gas activities in Argentina are likely to create immense opportunities for the market studied.
- Increasing the production of oil and gas is expected to boost the oil and gas downstream sector. Also, increasing investments in refineries and petrochemical plants are further aiding the growth in the industry.
Argentina Oil and Gas Downstream Market Trends
This section covers the major market trends shaping the Argentina Oil & Gas Downstream Market according to our research experts:
Oil Refining Capacity to Witness Moderate Growth
- In Argentina, the capacity of refineries had decreased from 657 Thousand barrels daily (kb/d) in 2015 to 580 kb/d in 2018. The refinery throughput decreased by 5.9% from 500 kb/d in 2017 to 470 kb/d, in 2018.
- Campana Refinery, operated by Pan American Energy is, in 2019, under expansion. It has a production capacity of 4.5 million cubic meters per year of petroleum products. It is expected to increase the production capacity of fuels by 60% and further improve its quality by reducing its sulfur contents.
- In 2019, Yacimientos Petrolíferos Fiscales SA was considering a proposal to increase the refining capacity of its refinery in La Plata. La Plata is the largest refinery in the country, with a capacity of 189,000 barrels per day.
- Oil consumption reduced 6% from 32 million tons of oil equivalent (Mtoe) in 2017 to 30.1 Mtoe in 2018. The decline in use can be attributed to the economic slowdown in the country.
- Argentina's oil and gas downstream industry is expected to grow slightly over the forecast period due to an increase in oil production in the country.
Increasing Demand of Natural Gas to Drive the Market
- Natural gas imported by Argentina decreased by 10.45%, year on year, from 5.6 million tons oil equivalent (Mtoe), in 2015 to 3.6 Mtoe in 2018, owing to the increasing gas production in the country.
- Natural Gas Production in the country has increased substantially, by 6.1%, rising to 33.9 Mtoe in 2018 from 31.9 Mtoe, in 2017. The increase in production is due to the rise in shale gas production from Vaca Muerta.
- Vaca Muerta, a giant shale play, is leading a recovery in the country's oil and gas production. It has changed the scenario in the refinery business by increasing the refinery throughput. Oil production was 518 kb/d (thousands of barrels per day) in August 2019, i.e., 5.5% higher compared to August 2018. In 2019, conventional oil decreased by 3%, whereas unconventional production can be compensated for more than 58% of the decrease in oil.
- Therefore, based on above-mentioned points, increasing consumption of natural gas is expected to drive the oil and gas downstream market in Argentina during the forecast period.
Argentina Oil and Gas Downstream Industry Overview
The Argentine oil and gas downstream market is moderately consolidated. The major companies include Axion Energy , Yacimientos Petrolíferos Fiscales SA, Pan American Energy SL, Pampa Energia SA, and Raizen SA.
Argentina Oil and Gas Downstream Market Leaders
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Axion Energy
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Yacimientos Petrolíferos Fiscales SA
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Pan American Energy SL
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Pampa Energia SA
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Raizen SA
*Disclaimer: Major Players sorted in no particular order
Argentina Oil and Gas Downstream Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Scope of the Study
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1.2 Market Definition
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1.3 Study Assumptions
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Refining Capacity and Forecast, in thousand barrels per day, till 2025
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4.3 Recent Trends and Developments
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4.4 Government Policies and Regulations
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4.5 Market Dynamics
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4.5.1 Drivers
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4.5.2 Restraints
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4.6 Supply Chain Analysis
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4.7 PESTLE ANALYSIS
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5. MARKET SEGMENTATION
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5.1 Process Type
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5.1.1 Refineries
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5.1.2 Petrochemical Plants
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
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6.3.1 Axion Energy
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6.3.2 Yacimientos Petrolíferos Fiscales SA
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6.3.3 Pan American Energy SL
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6.3.4 Royal Dutch Shell PLC
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6.3.5 Raizen SA
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6.3.6 Pampa Energia SA
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6.3.7 Refinor SA
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Oil and Gas Downstream Industry Segmentation
The Argentine oil and gas downstream market report includes:
| Process Type | |
| Refineries | |
| Petrochemical Plants |
Argentina Oil and Gas Downstream Market Research FAQs
What is the current Argentina Oil and Gas Downstream Market size?
The Argentina Oil and Gas Downstream Market is projected to register a CAGR of greater than 1.13% during the forecast period (2024-2029)
Who are the key players in Argentina Oil and Gas Downstream Market?
Axion Energy , Yacimientos Petrolíferos Fiscales SA , Pan American Energy SL, Pampa Energia SA and Raizen SA are the major companies operating in the Argentina Oil and Gas Downstream Market.
What years does this Argentina Oil and Gas Downstream Market cover?
The report covers the Argentina Oil and Gas Downstream Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Oil and Gas Downstream Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Oil and Gas Downstream Industry Report
Statistics for the 2024 Argentina Oil and Gas Downstream market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Oil and Gas Downstream analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
