Day: August 5, 2020

Revenue dropped 13% in real terms in July

The national government’s revenue in July was up 24% year-on-year in nominal terms. According to own calculations based on estimated inflation for last month of around 2.2%, there was a real fall of 13% compared to the same month in 2019, a lower figure than in previous months.

A partnership between Shell and TGS to build a gas plant in Vaca Muerta

The Argentine subsidiary of the Anglo-Dutch oil company Shell announced yesterday an agreement with Transportadora de Gas del Sur (TGS) for the construction of a new gas treatment plant in the Bajada de Añelo block. The contract will be for a minimum term of two years and consists of the provision of midstream gas dehydration, filtering, regulation and measurement services with a capacity of up to 1 million cubic meters per day. The gas pipeline is 150 kilometres long, crosses 30 productive areas of the Vaca Muerta formation, and will allow transportation of up to 60 MMm3/d, which will condition at the plant built in Tratayen, before injection into the regulated transportation systems.

Government supports $100 billion agriculture export plan

The Argentine Agribusiness Council (CAA) submitted to the Government its proposal to export for $100 billion. In the CAA they argue that, with the promotion and encouragement of investments, an export plan, a law for that purpose and fiscal and financial stability for ten years, the country can jump from $65 billion in exports to $100 billion. Also, it would generate roots in the interior and 700,000 new jobs, more than 200,000 of them directly contributed by agribusiness.