On Saturday there was a second meeting with the authorities of the oil provinces that make up the Federal Organization of Hydrocarbon-Producing States (Ofephi) and the main unions in the sector, where the initiative was also discussed.
Measure
The text will establish a reference baseline from which the increase in production will be measured. It could be the accumulated production of 2021, but also of the last 12 months, from April 2021 to March 2022, according to the Econojournal site. It still remains to define the percentage of incremental oil on which foreign currency can be freely accessed.
In the project of Law that entered Congress in the last week, and which was signed by Patagonian legislators, access to dollars was enabled on an aliquot base of 20% of production. According to Econojournal, the decree that is being drafted could be more generous and authorize access to the MULC on a higher percentage of incremental production.
In the case of natural gas, the production committed in the Gas.Ar Plan will be taken as the baseline. Above that curve, an aliquot will be fixed on which the producers will be able to have free access to the equivalent currencies.
With this relaxation of the stocks, the aim is to encourage investments with new income of dollars from abroad, especially from multinationals, and that the capital applied to production is not limited to the flow of existing businesses in the country.
Source: Ambito
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