NewzPhoenix Global Resources, a company controlled by the Swiss firm Mercuria, has been granted a concession for hydrocarbon exploitation in the Vaca Muerta formation. The project is located within the province of Río Negro in southern Argentina.
This development marks a significant expansion for the company within one of the world's most prominent unconventional hydrocarbon reservoirs. The concession allows for the commencement of exploitation activities in the designated area, further integrating the firm into the regional energy sector.
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