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Pampa Energia SA ( (PAM) ) has issued an announcement.
Pampa Energia S.A. has announced its participation in the Vaca Muerta Sur Project, a significant endeavor involving the construction and operation of a 437 km pipeline from Allen to Punta Colorada, with the aim of enhancing crude oil transportation and export capabilities. With an 18% stake in VMOS S.A., Pampa Energia expects to increase its crude oil export capacity by nine times, facilitating the evacuation of production from the Vaca Muerta formation and opening new markets for Argentine oil, while contributing to national economic development through foreign exchange and employment generation.
More about Pampa Energia SA
Pampa Energia S.A. is a key player in the energy sector, involved in the production and distribution of electricity and hydrocarbon exploration and production. The company focuses on the Argentine market, contributing significantly to the country’s energy supply and infrastructure development.
YTD Price Performance: 80.51%
Average Trading Volume: 270,296
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.22B
Find detailed analytics on PAM stock on TipRanks’ Stock Analysis page.
