The minister and candidate will send a bill to Congress with tax cuts to promote investments and activity in conventional hydrocarbon basins that are in decline.
The Ministry of Economy, headed by Sergio Massa, has a bill ready, which will be sent to Congress in the coming days, for the creation of the so-called “Promotion Regime for Mature Areas.” Sources from the Ministry of Energy assured Energy Report that the objective is to “promote investments in conventional hydrocarbon basins in order to maintain and increase the level of activity.”
The areas that will benefit will be: allhe basins of Patagonia, Golfo San Jorge, Northern Argentina and Mendoza. These are reservoirs whose production levels have been in decline for years due to the natural maturation of the wells and lower investment in exploration.
Although the fine print of the bill remains to be outlined, it will imply tax reduction and other incentive measures to generate more gas and oil, as Massa announced through a video he sent to the governors and mayors of the oil regions.
According to the portfolio he heads Flavia RoyónIn addition to increasing production, the objectives of the law will include “emphasis on the maintenance and increase of local sources of employment and the value chain associated with hydrocarbon activity” in each of the locations where the activity is carried out.
“The energy transition process provides a limited window of opportunity for the development of our resources, where we must ensure the social development of our interior,” they considered in Energy.
In the video that Massa recorded, he highlights his energy policy, having promoted investment in areas linked to the Vaca Muerta complex, and the drafting of a bill to promote Liquefied Natural Gas (LNG), which this week received half a sanction in Deputies.
Governors celebrate
After Massa’s decision to send the project to Congress was made known, the governor of Chubut, Mariano Arcioniexpressed that “the promotion of mature basins is great news for Chubut” by ensuring that “guaranteeing investments in the Golfo San Jorge basin is essential to sustain sources of work and the regional economy.”
In the same sense, the governor of Santa Cruz, Alicia Kirchnersaid that “we firmly support the bill for the Promotion of Mature Areas so that the San Jorge Gulf Basin can increase investment levels and improve production levels on the basis of tax reduction and generate more work and more energy for export. to the world”.
Source: Ambito
