Billionaire Peter Thiel has bought a 1% stake in an Argentine oil company in Vaca Muerta. This was reported by Qazaqyia.kz citing Reuters.
According to the filing, Thiel's investment is directed to an oil producer in the Vaca Muerta region. This move reflects growing foreign investment in Argentina's energy sector.
Vaca Muerta is one of the world's largest shale oil and gas reserves, playing a key role in enhancing Argentina's energy independence. Thiel's investment could positively impact the region's economic development.
According to Reuters, this purchase demonstrates Thiel's interest in the energy sector. He has previously invested in various technology and energy projects.