According to CoinMeta, Horacio Marín, the CEO of the Argentine National Petroleum Corporation, stated that the company's daily oil production is expected to reach 1 million barrels for the first time. In an interview with an Argentine news channel, Marín mentioned that the Argentine National Petroleum Corporation is in a period of expansion and that the company's scale is expected to more than quadruple over the next few years. The Bacamurta oil field, located in the province of Neuquén in Argentina, will become the main source of increased production in the coming years. The latest data from the Argentine government shows that Argentina's daily oil production in July exceeded 916,000 barrels, a year-on-year increase of 17.2%, setting a new historical high.