BP CEO Dudley: There's a Lot of Future in Argentina Shale

The transcript discusses BP's long-standing presence in Argentina and its joint ventures. It highlights the positive changes under the Macri government, such as reduced bureaucracy and increased economic potential. Despite challenges like entrenched bureaucracy and corruption, there is optimism about Argentina's future. BP is considering increasing its investment, driven by the country's natural resources and potential for self-sufficiency in natural gas.

What is the main reason for BP's optimism about Argentina's future?

• The absence of organized labor

• The high oil prices globally

• The Macri government's positive actions

• The country's rich cultural heritage

What are some of the challenges mentioned that Argentina faces?

• Lack of skilled labor

• High oil prices

• Entrenched bureaucracy and corruption

• Lack of natural resources

What is the government's approach to dealing with red tape?

• Maintaining the status quo

• Increasing it

• Cutting through it

• Ignoring it

What is BP's strategy in response to low oil and gas prices?

• Focusing on self-funding projects

• Increasing oil production

• Exiting the Argentine market

• Reducing investments

What potential does Argentina have according to the speaker?

• Developing a new currency

• Becoming a tourist hotspot

• Becoming a global leader in oil exports

• Achieving self-sufficiency in natural gas