Economy Minister Sergio Massa said Thursday that the development of Vaca Muerta will give the country a long-term development and growth project.
When referring to the announcements he made in Neuquén and through his Twitter account, the head of the Palacio de Hacienda explained that “each of these actions seeks to build State policies that allow us to look 20, 30 or 40 years ahead and feel that beyond the political differences, we did our task. And that we gave Argentina a long-term growth and development project”.
We came to join with work and commitment to the revolution that the development of Vaca Muerta means for the province and the country.
Understanding that it represents a huge change in the national energy matrix, and allows us to position ourselves as central players in the sector.– Sergio Massa (@SergioMassa) August 11, 2022
Massa stressed that “we came to join with work and commitment to the revolution that the development of Vaca Muerta means for the province and the country, understanding that it represents a huge change in the national energy matrix, and allows us to position ourselves as central players in the sector”.
We are also starting to double the capacity of the Valle de Vaca Muerta-Bahía Blanca oil pipeline to increase our transportation capacity, with a private investment of more than 1,400 million dollars.
– Sergio Massa (@SergioMassa) August 11, 2022
The minister remarked: “We have unified the portfolios and credit lines into a single one called ‘Crédito Argentino’, for those SMEs that make up the value chain that provide services and assistance to the entire hydrocarbon complex and Vaca Muerta.”
The same decree establishes the uninterruptibility of export contracts arising from the export growth of companies. We supply the national market and, when we grow to export, we provide a legal shield that gives credibility to the countries of the region.
– Sergio Massa (@SergioMassa) August 11, 2022
“We set up a special quota of 30,000 million pesos in credit to intensify investment in the entire complex of SMEs in order to guarantee the capacity to provide services to each of the large gas and oil producing companies in Argentine Patagonia”, concluded.
We have unified the portfolios and credit lines into a single one called “Argentine Credit”, for those SMEs that make up the value chain that provide services and assistance to the entire hydrocarbon complex and Vaca Muerta.
– Sergio Massa (@SergioMassa) August 11, 2022
Each of these actions seeks to build state policies that allow us to look 20, 30 or 40 years ahead and feel that beyond the political differences, we did our homework.
And that we gave Argentina a long-term growth and development project. pic.twitter.com/VquEp2E0HB– Sergio Massa (@SergioMassa) August 11, 2022
