Alberto Fernández will present today a project to boost hydrocarbon production

President Alberto Fernández will present the hydrocarbon investment promotion bill on Wednesday, in a ceremony with oil companies, governors, trade unionists in the sector and representatives of SME organizations, regional companies and national industry leaders.

The event will take place, starting at 11.30 am, at the Casa Rosada Bicentennial Museum where the President will announce the project together with the Minister of Economy, Martín Guzmán; of Productive Development, Martín Kulfas, and the Secretary of Energy, Darío Martínez, according to official sources.

In addition, the governors Axel Kicillof, from Buenos Aires, Mariano Arcioni, from Chubut; Arabela Carreras, from Río Negro; Omar Gutiérrez, from Neuquén; Alicia Kirchner, from Santa Cruz; Gustavo Melella, from Tierra del Fuego; Gustavo Sáenz, from Salta; Rodolfo Suarez, from Mendoza; Sergio Ziliotto, from La Pampa; Gildo Insfrán, from Formosa, and Gerardo Morales, from Jujuy.

“We are very satisfied because the consultation and participation work carried out, preparing the text, has come to an end, and we already have a bill to drive the activity,” said Martínez, confirming the presentation “before all the hydrocarbon activity actors. ”.

After the act, the President will submit the bill to Congress for its treatment, as announced in the Legislative Assembly on March 1.

The Secretary of Energy declared that the President requested “that the context of the presentation be as broad as the project development dynamics was” and that all the actors who in one way or another participated and contributed their ideas be invited. For this reason, the presence of workers’ organizations linked to the activity, the SMEs Chambers and regional companies, the governors of the producing provinces, the oil companies and the national industry organizations are expected.

Alberto Fernández and Martín Guzmán

The project contemplates an incentive scheme based on greater guaranteed export authorizations and the availability of foreign exchange for initiatives that are addressed in all basins that ensure an incremental production of gas and oil. “It is a law with a federal perspective, with incentives for the specificity of each of the country’s regions,” said the sources consulted, explaining that the future rule “is intended to guarantee domestic supply with added value, employment, import substitution. and higher exports ”.

For this, “the exchange rate requirements and the availability of exports that the investments need are met, through a scheme that generates benefits for the producer and the domestic supply,” they added. It also addresses one of the old demands of the companies in the sector, which is fiscal stability and all the benefits acquired from the moment of adhesion to the program, in terms of rights, tariffs, taxes, taxes and fees, at the national level and in the provincial and municipal areas that adhere to the standard in a timely manner.

To this end, a general regime for the promotion of hydrocarbon investments will be created, which will last for 20 years and will contain specific regimes aimed at promoting oil exploration and production activities, natural gas exploration and production and exploration. , production, industrialization and transportation of hydrocarbons, energy infrastructure works and provision of services.

Source: The Nation

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