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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
