Neuquén's Legislature will debate next week the landmark agreement with YPF to develop the first Liquefied Natural Gas project from Vaca Muerta. The plan involves a $25 billion investment, 30-year fiscal stability, and differentiated royalties. State unions have called for a strike while opposition warns about fiscal impact.
Argentina's parallel exchange rate, known as the 'dólar blue,' closed the week at 1,480 pesos for sale, rising 20 pesos in five days. The gap with the official rate narrowed to 1%, levels unseen in months. Meanwhile, the wholesale dollar reached its highest value since February, as markets digest MSCI's decision to keep Argentina in 'standalone' status.
Argentina's government awarded the strategic Paraná-Paraguay Waterway concession to Belgian-Argentine consortium Jan De Nul-Servimagnus for 25 years. The project aims to reduce logistics costs by 13.5% and modernize the river corridor handling 80% of Argentine exports, projecting USD 15.66 billion in revenue.
Alfredo S. Quiroga
