Alejandro BulgheroniPresident of Pan American Energy (PAE)considered that the lifting of exchange rate represents a turning point To attract New investments both national and foreign. In this way, he highlighted the decision made by the Javier Milei government.
“It is a very positive measure. Now without the stocks, We will begin to plan the new investments differently What we have to do. And seeing how we invest the Argentine businessmen More foreign investments will arrive”He said during a radio interview.
The businessman also emphasized the institutional turn promoted by the government. He assured that this change already generates trust: “It is key for investments to be made in Argentina And not in another country, “he said. And he added that” this context is especially relevant since the world energy demand will require duplicate production towards 2050 “.
In that framework, Bulgheroni He anticipated a strong increase in capital for new developments: “We will invest much more than these US $ 2550 million”, Said when referring to the plan pilot announced by PAE to enhance unconventional production in the basin of the San Jorge Gulfarea that is already mentioned as a new Muerta Vaca.
THE CHANGE OF MANAGEMENT IN YPF
The head of PAE also valued the recent transformation into YPF. “It is a company that we had never seen. The way he works, inside and outside, is one more company in the world”, Commented, in reference to change in his management model and his international projection.
In relation to the oil market, Bulgheroni Minimized the recent prices of crude, considering that it responds to speculative factors. “Oil will find its level. I do not believe in high prices, development is better with reasonable prices,” he explained.
The businessman stressed that foreign investors observe carefully the decisions of local entrepreneurs. “First they look at what we do. If you see that there is commitment, that clears many doubts”He said.
The affected companies are YPF, Pan American Energy, Petrobras, Chevron, Total, Tecpetrol and Petrolera between Lomas.
The affected companies are YPF, Pan American Energy, Petrobras, Chevron, Total, Tecpetrol and Petrolera between Lomas.
Energy production
Finally, he talked about the megaproject of LNG in Colorada tipin which he participates through Southern Energysociety composed of Go to, Pampa Energy, Harbor Energy and YPF. He pointed out that the initiative will require an investment of approximately US $ 7000 million and will allow us to export Liquefied natural gas produced in Muerta Vaca.
“Before there were interested companies but YPF did not join. Now. This gas will be produced, there will be drilling and an investment chain behind”, Concluded, by putting this project as an example to graph the impulse that the Argentine energy sector is going through.
Pan American Energy is currently the biggest Integrated private oil company of the region. Between 2001 and 2023he invested US $ 21.6 billionof which $ s 1500 million They were allocated to the modernization of their refinery in Bell. In addition to its strong presence in Argentinaalso operates in Mexico, Bolivia, Uruguay and Brazilwhere last year one of the ten major Winding parks of the country
Source: Ambito
