Argentina’s new president promises energy shake-up
Self-described 'anarcho-capitalist’ vows economic transformation including privatising state energy firm YPF
Argentina’s chainsaw-wielding new president Javier Milei is the country’s first democratically elected leader in more than a century to not come from, or be backed by, one of the two major political parties and now faces the daunting task of overhauling Argentina’s floundering economy. The libertarian economist has little previous governing experience but has promised major reforms, including slashing public spending and privatising state-run oil company YPF. Inflation in Argentina has topped 140% this year as the incumbent government struggled to prevent the country sliding precariously towards hyperinflation. “Milei represents a jump into the unknown and espouses some radical ideas that a
Also in this section
13 December 2024
The independent is now seeking to expand its operations
13 December 2024
Flexibility and sharing of risk in gas buying and selling is becoming more essential
13 December 2024
After a recent surge led to 2024 consolidation matching that of previous years, there is less optimism the feat will be repeated in 2025
12 December 2024
The oil and gas sector’s renewed upstream activity stands in marked contrast to just a few years ago, highlighting that the market does indeed cycle