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Since his election in 2015, President Mauricio Macri’s government has followed market-oriented energy policy, including long-needed price adjustments and gradual subsidy reductions. This policy has attracted significant investments in power generation, including renewable energy and upstream oil and gas – notably in the Vaca Muerta unconventional play.
Over the past year, Argentina has faced macroeconomic challenges that led to an agreement with the International Monetary Fund targeting a sharp fiscal deficit reduction, which requires limits on public spending across the economy. Yet the government is forging ahead in its efforts to attract energy investment, holding its third renewable energy tender since 2016 and accepting the first bids to develop offshore oil and gas in decades, both in March. With legislative and presidential elections slated for October, energy will continue to figure prominently in the Argentine political discussion.
Join us for a conversation about energy policy in Argentina with Energy Secretary Gustavo Lopetegui.
**Lisa Viscidi, Program Director, Energy, Climate Change & Extractive Industries, Inter-American Dialogue
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