[REVISION HISTORY]

Argentina private investment expansion

Updated 21 times since CLSTR started tracking revisions of this situation.

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2026-09-28 04:29 UTC → 2026-09-29 04:54 UTC · added ~~removed~~

Following the wave of large-scale private projects announced in late July 2026, the Argentine government has expanded the scope of the Large Investment Incentive Regime (RIGI). Through Decree 748/2026, President Javier Milei and his administration modified regulations to include technological projects and railway infrastructure, covering the construction and modernization of tracks, bridges, signaling, and electrification alongside the imminent privatization of Trenes Argentinos Cargas. To support this, the government modified the railway trust fund to ensure funds from rolling stock sales are used exclusively for infrastructure required by concessionaires. In the energy sector, RIGI-driven investments are accelerating in the Vaca Muerta formation. On 19 August 2026, Tecpetrol’s Los Toldos II Este project received approval, representing a US$6.4 billion investment expected to produce 70,000 barrels of oil per day. This joins other major RIGI-backed initiatives, including Pampa Energía’s US$4.5 billion Rincón de Aranda project and Vista’s US$5.8 billion Bandurria Norte expansion. On 26 August 2026, the government approved the ‘Ampliación Mega’ project under Resolution 1381/2026, a US$365.4 million investment to expand the MEGA Industrial Complex. On 12 September 2026, Pluspetrol joined a consortium including Shell Argentina S.A., Vaca Muerta Inversiones S.A., and Gas y Petróleo del Neuquén S.A. to exploit the La Escalonada and Rincón La Ceniza hydrocarbon areas. Concurrently, YPF is advancing the Argentina LNG joint venture with Eni and XRG, aiming for a final investment decision in November. On 14 September 2026, YPF CEO Horacio Marín announced the company is nearing the signature of two to three liquefied natural gas (LNG) sales contracts for the project, involving volumes between 0.5 and 1.5 million tonnes annually. On 27 September 2026, Marín announced that oil production is expected to reach one million barrels per day for the first time, driven by Vaca Muerta.

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