Overview
- The national government will adjust the export‑duty regime to remove taxes on conventional oil exports.
- Chubut will review royalties and fees as its contribution to the pact’s financial framework.
- Oil companies committed to sustaining production and investment, prioritizing well reactivation, efficiency improvements and growth in conventional output.
- Officials said the model will be extended progressively to other oil‑producing provinces.
- Chubut governor Ignacio Torres welcomed the measure and estimated about $370 million would be reinvested in the Golfo San Jorge industry.