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The government granted a subsidy to the oil companies Chronicle



Energy Secretary Gustavo Let's finishi are officially handed over to oil companies who will not maintain resolution no. 46, endorsed by the then minister, Juan José Aranguren, who gave a special subsidy to companies that increase gas production from Vaca Muerta.

In addition, the National Executive Director introduced changes to the subsidies that they would maintain, which led to a strong conflict with Tecpetrol, a strong Techint group company. From now on, Resolution 46 will apply only to production that was originally declared at the time of project submission.

Tecpetrol then calculated – according to the company and the government – 8.5 mil. Cubic meters per day (m3 / d) of gas. But now Fortín de Piedra deposit generates 17.5 million m3 / d of gas. Therefore, the company will receive half of the subsidies it would have if the recognized changes in production volume were not introduced.

As the signing was improved before the days, they will not make a decision that became official yesterday. In a statement to the State Securities Commission, he said he had instructed his lawyers to file a claim against the state. According to Tecpetrol's calculations, "Reversal of the payment criteria retroactively leads to settlements in April, May, June, July, August, September and October 2018. This change implies a lower payment of US $ 1.994 million by September 2018 and, if maintained in 2018, the total impact would be $ 5.655 million. " However, they reached an optimistic agreement from the government.


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