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To accelerate investments in Vaca Muerta, Sergio Massa meets with businessmen in Houston

This Friday, Serge Massa will move to Houston, within the framework of the tour that is taking place in the United States. There, the president will meet with important multinational executives to attract investment to the country.

the minister of economy will meet with the main directors of some of the most powerful oil companies in the world, with the aim of encouraging investments in Vaca Muerta; for it, Serge Massa He will present to the executives the different measures and projects that the country is advancing in energy matters.

The Government advances several projects in Vaca Muerta.

About, Serge Massa noted this Thursday: “We aspire to accelerate investments, to find mechanisms that allow us to transform Argentina into an energy exporter”.

This, since the government’s idea is to “put back into force a decree from 2014 by former president Cristina Fernández Kirchner regarding the birth of Vaca Muerta with Chevron, which the government of Mauricio Macri failed to comply with and generates some level of mistrust in Argentina by Chevron”.

To accelerate investments in Vaca Muerta, Sergio Massa meets with businessmen in Houston
Massa has met with businessmen and high officials during his tour.

In this sense, the head of the Palacio de Hacienda stressed that they will seek that the oil companies: “feel that they have the opportunity to invest, to export, to generate employment in Argentina and to allow the country to be a global player in the energy security agenda “.

The minister also pointed out that “oil companies will be invited to be part of the YPF-Petrona project”; this, in reference to the agreement announced last week between the Argentine company and the Malaysian company to develop an LNG export project that will require investments of US$1.2 billion in an initial stage.

The Government seeks to be an exporter of energy.

During the meeting, the president will be accompanied by the Secretary of Energy, Flavia Royón, and the presidents of YPF, Pablo González, and of Energía Argentina (Enarsa), Agustín Gerez.

Sergio Massa’s tour concludes on Monday

After completing the second technical review of the agreement being carried out with the IMF (International Monetary Fund), the minister He will meet on Monday with Kristalina Georgieva, the body’s managing director.

The minister will not ask for changes in the IMF program.

With Georgieva, the economist will seek to ratify the goals of the agreement signed last March; In addition, he will meet with David Lipton, from the US Treasury Department.



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