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Argentina

Mendoza Senate gives final approval to new hydrocarbons law

The reform updates royalty and incentive rules and sets a regime for unconventional development in Vaca Muerta, affecting investment in Argentina's oil sector.

Photo: Anderson Peres, Pexels

What happened

Mendoza's provincial Senate gave final approval to a reform of the Hydrocarbons Law promoted by the provincial Executive. bnamericas.com+1 One source reports 31 votes in favor and 2 against, and says the project now passes to the provincial Executive for promulgation. ATLAS Stocks The law offers incentives to recover production in mature areas and reinforces environmental requirements. Ground News+1

Around it

The text sets a reference royalty of 15% for public tenders, letting the province adapt charges to the technical and economic viability of each field. bnamericas.com+1 The reform incorporates the regime of non-conventional concessions, and YPF plans to unify areas and apply for membership in RIGI in 2027. Ground News

What comes next

The project now passes to the provincial Executive for promulgation. ATLAS Stocks

Sources

  1. Ground NewsMendoza Adapts Its Oil Law to Attract Investments and Accelerate the Development of Vaca Muerta
  2. bnamericas.comBNamericas
  3. ATLAS StocksMendoza's Senate gives final approval to new Hydrocarbons Law

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