Overview
- Economy Minister Luis Caputo said Wednesday in Los Angeles that Chevron will file a RIGI proposal worth more than $10 billion in the coming days.
- The government moved to fold legacy oil incentives into the new framework by sending Congress a bill to repeal Decree 929/2013 known as the Chevron decree.
- The regime lists 13 approved megaprojects totaling $27.21 billion, led by a $15.16 billion Southern Energy LNG plant in Río Negro, yet many projects remain in early or pre-construction stages.
- Despite a wave of announcements, productive investment was flat in the first quarter with a 0.3% seasonally adjusted rise from Q4 and a 5.5% drop year over year, and net FDI so far in this government showed a $535 million outflow.
- In Tierra del Fuego, Governor Gustavo Melella reversed his stance and will seek provincial adhesion to the regime after about 5,000 factory jobs were lost.