Total invites Russia to petrochemical projects in Tierra del Fuego

French oil giant Total is interested in partnering with Russian companies to jointly develop petrochemical projects in southern Argentina, Sergey Derkach, the trade representative of Russia in Argentina said. Earlier this month he met with the management of Total Austral, an Argentina-based subsidiary in the southern Argentine province of Tierra del Fuego where local authorities are currently assessing the number of projects in the oil and gas sector, including expanding natural gas production and creating a petrochemical cluster for making fertilisers.

Vaca Muerta’s oil union calls off strike after layoffs agreement

The Union of Private Oil and Gas Workers in Neuquén called off a threat to go on strike after companies vowed to not fire 600 workers and suspend another 1,200 while waiting for production to pick up. The agreement was signed by Labour Minister Claudio Moroni at an extensive meeting in which the companies requested a crisis prevention procedure to reduce the burden of employer contributions for at least six months.