The government of Neuquén awarded two new areas of unconventional fields in Vaca Muerta to the companies YPF and Vista Oil & Gas, associated with Gas & Petroleum of Neuquén, for an amount in the first pilot stage of more than US $ 90 millions, official sources reported.
President-elect Alberto Fernández, will send the new draft Budget 2020 to Congress on December 12, two days after taking office. Opposition lawmakers said they will not hinder the debate of the initiative. Fernández decision was notified by the future head of the Chamber of Deputies, Sergio Massa, to the next heads of all blocs in the lower house including the ‘macrista’ Álvaro González, and Máximo Kirchner, future head of the official bloc.
Shares in the Buenos Aires Stock Exchange of the Aluar aluminum producer sank 11.9% and those of the Ternium steel factory 6% following Donald Trump’s announcement to restore tariffs on Argentine imports. Aluar and Ternium concentrate local steel and aluminum production and export to the United States worth $700 million a year.