Argentina validates reforms to promote energy investment

Argentina, under the presidency of Javier Milei, recently approved major economic reforms aimed at revitalizing its energy sector. These reforms include the privatization of Enarsa and the introduction of incentives for large-scale infrastructure projects in the oil and gas sector. The lower house of parliament approved these measures on June 28, following prior approval by the Senate.
The reforms aim to attract investment by offering 30 years of legal and regulatory stability for projects exceeding $200 million. These measures also include tax and export tax exemptions, as well as easier access to foreign currency. In addition, Argentina’s hydrocarbon sector is going through a rough patch after an offshore drilling failure for Equinor.