https://newsletter.mw.creamermedia.com
Construction|Energy|Exploration|Gas|Manufacturing|Oil And Gas|Oil-and-gas|PROJECT|Projects|Manufacturing
Construction|Energy|Exploration|Gas|Manufacturing|Oil And Gas|Oil-and-gas|PROJECT|Projects|Manufacturing
construction|energy|exploration|gas|manufacturing|oil-and-gas|oilandgas|project|projects|manufacturing-industry-term

Argentina’s Pan American energy joins oil industry’s push into lithium

10th July 2023

By: Bloomberg

  

Font size: - +

A top Argentine crude exporter plans to start exploring for lithium in the latest case of oil and gas producers joining the rush for the battery metal in a pivot away from fossil fuels.

Pan American Energy Group will dig exploratory wells in Argentina’s Andean salt flats by year-end, according to a person familiar with the matter, who isn’t authorized to speak publicly. The company was founded by the billionaire Bulgheroni family, which still owns 25% and keeps family members in the chairman and CEO roles. BP owns 50% and China’s CNOOC owns the other 25%.

Pan American Energy’s exploration around the Dead Man salt lake in Catamarca province — part of South America’s lithium triangle — comes as oil firms globally start to diversify into the key component in electric-vehicle batteries.

In Argentina, it brings into focus efforts by local fossil fuel drillers to plant a flag in the country’s lithium extraction industry — the fastest-growing in the world — at a time when calls are getting louder to channel production into sophisticated homegrown manufacturing to supply battery and EV makers.

State-run oil firm YPF SA, mostly focused on unearthing Argentina’s shale riches, recently bought lithium acreage in Catamarca while spearheading national research and development of battery cells.

Buenos Aires-headquartered Pluspetrol SA continues to develop acreage after selling a project last year to China’s Ganfeng Lithium Group Co. Tecpetrol SA, another major shale operator that’s part of billionaire Paolo Rocca’s Techint empire, has been trying to buy a lithium asset in Salta province.

Pan American Energy’s other foray into lithium, on the Salinas Grandes salt lake straddling Salta and Jujuy, is struggling to progress because of a broader conflict in that region with local communities, the person said.

A spokesman for the closely held firm declined to comment on the Catamarca or Salinas Grandes projects.

Argentina has three lithium salt flats in production, with another five projects under construction and 31 more in advanced exploration or feasibility analysis.

Edited by Bloomberg

Comments

Latest Multimedia

 

Showroom

Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hillside Aluminium smelter in South Africa’s KwaZulu-Natal.
Hillside Aluminium guiding unchanged output for 2025 financial year
17th April 2025 By: Martin Creamer
Andrada CEO Anthony Viljoen.
Andrada looking to opening more mines in Namibia
16th April 2025 By: Martin Creamer
Resources Watch
Resources Watch
16th April 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.131 0.207s - 144pq - 2rq
Subscribe Now