Trafigura targets Argentinian potential
Trading heavyweight acquires stake in President Energy, undeterred by the country’s financial and political risks
The political revival of former Argentinian president Cristina Fernandez de Kirchner, and the return to power of a Peronist left-leaning government in last October’s national election, struck fear into investors at the prospect of the country rolling back the business-friendly energy reforms of the previous Macri regime. Their dread was compounded by a looming IMF deadline on Argentina’s monumental debt. But while the arrival of a new government, headed by incoming president Alberto Fernandez and supported by vice-president Kirchner, has yet to define its new energy strategy, commodity trading firm Trafigura has demonstrated confidence in the country’s trajectory—acquiring a stake in the Ne
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
