This Extractivism Policy Brief 08/2025 shows:
• Vaca Muerta in Argentina is one of the most important reserves of non-conventional oil and gas in the world.
• Milei has granted extensive benefits to the oil sector to generate foreign exchange in a context of macroeconomic fragility and is likely to succeed in increasing revenues in the short term.
• However, factors such as social mobilization, Trump’s trade war and a risky investment climate could derail further development of Vaca Muerta.
The Authors:
Dr. Mariano Novas is a political scientist and postdoctoral researcher at the Universidad Nacional de San Martín.
Florian Zschoche is a doctoral candidate in political science at the University of Kassel and the University of Vienna.
This policy brief was written in the context of the DAAD-funded research project “Green Energy and Sustainable
Resources in a North-South-South Partnership.”
Link to PDF: Download Extractivism Policy Brief 08/2025 (ENGLISCH)
