Argentine President Javier Milei stands on a tank during a military parade to celebrate Independence Day
Argentina opens up to international investors
The controversial trimmed down version of the ‘omnibus bill’ promises to attract more foreign investment to sectors including oil and gas, but critics raise concern it still goes too far
More than six months into the first term of Argentina’s firebrand president, Javier Milei, and Congress has finally passed into law his sweeping economic reform package. The ‘Law of Bases’ bill received 147 votes to 107 in the lower chamber and is expected to have profound implications on the country’s energy sector. The new reform package authorises the executive branch to partially or entirely privatise eight companies, including state-owned energy company Enarsa. Previously, Milei pledged to privatise state oil firm YPF but appears to have softened his stance or temporarily abandoned the idea. “In January, Milei proposed privatising around 40 state companies as part of [his government’s]
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
