Report summaryThe Republic of Chile, situated between the Pacific Ocean and the Andes mountain range, has been producing minor volumes of oil and gas since the 1950s. The country's oil production peaked in the early 1980s. All of Chile's oil and gas production is sourced from the Magallanes basin in the south, far from major demand centres.A decline in gas production has led to a volatile gas market in Chile. In 1997, import pipelines were constructed from Argentina, which led to rapid growth in ...
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