The negative impact was caused mainly due to a surge in fuel prices
Energy
Edesur is owned by an Italian holding and has a 95-year exclusive contract to distribute electricity in the south of Buenos Aires
Economy Minister to announce repo credit of around US$1 billion as sovereign fund negotiations continue
Argentina’s state-run oil company, YPF, signed yesterday a memorandum of understanding for hydrocarbon cooperation with Oil and Natural Gas Corp (ONGC), India’s biggest oil and gas company. The Argentine company also announced that it would seek US$1 billion in financing for investments in Vaca Muerta. According to YPF, …
Energy Secretary Flavia Royón announced yesterday that power prices would go up by 36% during the third stage of subsidy segmentation, which will start this year. This announcement was made the same week that a new mission from the International Monetary Fund (IMF) arrived to review Argentina’s accounts …
A delegation from the Economy Ministry will travel to Brasilia to move forward with the fine print of the bilateral agenda with Brazil, following President Luiz Inácio Lula da Silva’s visit to Argentina. A key issue will be added to the agenda of purchasing electricity and financing the …
Argentina’s government reached a US$540 million deal with development bank CAF for the extension of natural gas pipelines and related infrastructure linked to the country’s Vaca Muerta basin, Economy Minister Sergio Massa announced on Wednesday. The infrastructure plan, expected to be approved in March, aims to boost a …
Exports: the factors that explain 2022 record numbers and predict more progress in 2023
Once official statistics are released, they will confirm that 2022 ended with record exports, which exceeded US$100 billion. Prices influenced this phenomenon, but so did the quantities. Agriculture, industry, energy, the knowledge economy and mining were key drivers that could continue to improve their performance in 2023. Thus, …
Massa says the new gas plan will save US$ 2.2 billion in energy subsidies next year
The Minister of Economy, Sergio Massa, launched this Thursday stages 4 and 5 of the “Gas Plan” which will extend up until 2028 and, according to official calculations, and represent savings of US$ 2.2 million in energy subsidies next year as well as US$3,5 billion in exports. The …