US $ 450 Million Approved Loans for Vaca Muerta Development – Telam

Overseas Private Investment Corporation (OPIC), an autonomous US government funding agency, on Wednesday approved a US $ 300 million loan to Vista Oil Gas for the development of shale oil in the Bajada del Bajada del Palo to Vaca Death.

The US agency – whose main function is to provide financial support to companies located in emerging markets – has also cleared another US $ 150 million loan to Aleph Midstream, considered one of the first companies of this type in Argentina to be specialized in the recruitment, treatment, evacuation and transportation of unconventional oil and gas.

Aleph Midstream, whose oil company Vista is a shareholder, was born this year after an agreement with investment funds Riverstone Holdings LLC and Southern Cross Group.