The Federation of Chambers of the Energy Sector of the Province of Neuquén (Fecene) made the complaint pointing to a company 99% controlled by YPF, called Astra Evangelista (AESA). AESA focused on four pillars: integral construction of works, manufacturing of equipment and process modules, engineering and provision of services in the oil and gas areas. The firm closed contracts below the reference values or minimum floors required to carry out the activity. In 9 months, the company's negative equity grew more than 400%, and as of September 30, the loans granted by YPF to the firm amounted to 8.7 billion pesos ($101.45 mn).
The national public sector ended 2020 with a primary deficit in the order of 400 billion pesos ($4.68 bn) which represents 7.4% of GDP. But in reality, if it had not been for the aid represented by the Central Bank's contributions to the Treasury, this deficit would have amounted to 2 trillion pesos ($23.33 bn).
The Argentine Chamber of Steel reported that production grew 19% year-on-year in December. The sector's momentum explained by the upturn in construction, the exploitation of hydrocarbons and the increased demand for durable goods.
Customs reported a total of 2,812 over-invoicing operations for imports and under-invoicing of exports for the equivalent of $330 million during 2020. Given the context of fragile foreign currency reserves that the Central Bank of Argentina is going through, the manoeuvres increase the exchange rate's complexity.
The state oil company YPF announced a 3.5% average adjustment to its fuel prices, starting at midnight this Saturday. This increase includes the increase of the Liquid Fuels Tax (ICL) and the Carbon Dioxide Tax (IDC) of 7.7% that came into effect from this Friday, as provided by the national government.