The lowest fine will be $3.2 million and the highest may exceed $4.3 billion, depending on the type and degree of non-compliance with the Hydrocarbons Law.
The companies of hydrocarbons of Neuquenincluding those of dead cow, Those who fail to comply with current regulations will receive higher fines starting in January 2025, as defined by the provincial government when updating the values of the sanctioning regime established in the Law 2,453 of Hydrocarbons.
The increase will be 591% compared to the values that were in force since 2023, starting in $3,257,222 and may achieve – depending on the type and degree of non-compliance – $1,085,738,225, although there are cases of serious non-compliance that establish sanctions greater than $4.3 billion.
This percentage arises from the accumulated variation recorded by the Consumer Price Index of Goods and Services for the city of Neuquenpublished by the Provincial Directorate of Statistics and Censuses of Neuquén, from January 2023 – date of the last update – until October 2024.
The new scale has been in force since last January 16, after the publication of the Decree 53/2025 in the Official Gazette.
Neuquén: what are the new amounts of fines for hydrocarbon companies?
With this new scale, the minimum penalty will be $3,257,222 and The maximum will vary depending on the case.
The highest amount established -of $1,085,738,225-, will apply if the non-compliance refers to safety in the activities of fractionation, transportation, distribution and marketing of liquefied petroleum gas.
For non-compliance linked to safety in the activities carried out by hydrocarbon companies, the sanctions could reach $4,342,952,898.
On the other hand, if these are non-compliances linked to technical regulations on exploration, exploitation and transportation, they could be up to $217,147,637.
You will also be fined up to $54,286,909 to those who do not comply with the information requests issued by the authorities.
Decree 53/2025 published in the Official Gazette of Neuquén
Source: Ambito
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