Pan American Energy (PAE) will submit to the Large Investment Incentive Regime (RIGI) a US$680 million project in Cerro Dragón, Chubut, marking the first application to the program for conventional hydrocarbon production. The investment will fund a tertiary recovery scheme that includes 22 polymer injection plants, 220 injection wells, and approximately 650 production wells, aiming to extend the field's useful life through 2047. The project is projected to yield 24 million cumulative incremental barrels, equivalent to a peak of 13,300 barrels per day, on top of current output of 70,000 barrels of crude and 9 million m3 of gas per day. In parallel, PAE will allocate another US$250 million to a shale gas pilot plan in the same basin, following the unconventional concession granted last year by Chubut. The announcement came after a meeting between Minister Luis Caputo, Governor Ignacio Torres, and PAE CEO Marcos Bulgheroni.
Published: 05/28/2026 21:25
The Argentine Industrial Union (UIA) reported that industrial activity fell 0.7% year-on-year and 0.4% month-on-month in April, against a backdrop of weak domestic consumption, a slowdown in construction, and increased competition from imports. Among leading indicators, cement shipments declined 5.7%, automotive production dropped 3.9%, dairy fell 5.3%, and cattle slaughter declined 4.5%. The figure contrasts with the March rebound, when Indec had recorded a 5% year-on-year increase, although influenced by a low comparison base. UIA highlighted growing sectoral heterogeneity: while agriculture, Vaca Muerta, and refining are pulling activity upward, segments tied to the domestic market —textiles, footwear, metallurgy, and construction materials— remain depressed, with cement shipments accumulating a 22.5% drop versus 2022.
Published: 05/28/2026 21:29
AFIP would apply a new Monotributo update of around 17.2% in July, in line with cumulative inflation in the first half of the year. With this adjustment, the maximum annual billing threshold of the highest category would rise from $108 million to approximately $127 million, broadening the margin for taxpayers to remain within the simplified regime. The recalibration will also impact the value of monthly fees, which include the tax, pension, and healthcare components. This would be the second semiannual update of the year, within the framework of the automatic adjustment scheme currently in effect for the monotributo.
Published: 05/28/2026 21:10
The national government announced a gradual reduction of export duties on cars manufactured in Argentina, a measure long demanded by the automotive industry. While automakers welcomed the tax relief as a step in the right direction, they warned that the sector's competitiveness will remain compromised due to the high tax burden imposed by provinces and municipalities. Industry players stress that, without a comprehensive tax reform encompassing the three levels of government, the Argentine cost will continue to be an obstacle to placing local production in international markets. The measure aims to stimulate exports in a context where the automotive industry is seeking to recover volume after several years of declining production.
Published: 05/28/2026 21:04
In June, new increases will be applied to key services that will put pressure on the price index. The hikes affect public transport, prepaid medical insurance premiums, and private school tuition fees, in a context where the Government is seeking to consolidate the disinflation process. As a counterweight, the Executive is reinforcing subsidies on electricity and gas tariffs to mitigate the impact on households. The combination of regulated price increases and selective state assistance tests the official strategy of continuing to reduce monthly inflation without abandoning the realignment of relative prices.
Published: 05/28/2026 20:53
Economist Hernán Letcher analyzes the scenario of a dual economy in Argentina, marked by an inelastic adjustment that falls heavily on public services and hits household budgets. In his view, while economic prospects show no clear signs of improvement, that diagnosis does not necessarily translate into electoral punishment for the ruling party, since the situation was not favorable last October either, when Javier Milei won at the polls. Letcher warns that political polarization will continue to be a determining factor in the social mood ahead of the upcoming elections. The analysis highlights the tension between macroeconomic indicators and public perception, a central axis for understanding the country's political and economic dynamics.
Published: 05/28/2026 20:49
Pan American Energy (PAE) submitted an application to join the Large Investment Incentive Regime (RIGI) for US$680 million, becoming the first project under the regime outside Vaca Muerta. The initiative contemplates the construction of 22 polymer injection plants at the Cerro Dragón field, located in Chubut, with the aim of boosting tertiary oil recovery. The investment seeks to increase production in a mature basin and consolidate hydrocarbon activity in the Patagonian province. The announcement represents a boost to the geographic diversification of the RIGI, until now concentrated on projects in the Neuquén basin.
*Digest automatically generated on 2026-05-28*
Published: 05/28/2026 17:51
