The National Government continues advancing in the transformation of the country's productive matrix, this time with the approval of the entry into the Regime of Incentive for Large Investments (RIGI) of the megaproject Vaca Muerta Oil Sur (VMOS). It is a key project that will allow Argentina to enhance its export profile, consolidating its position as a regional leader in energy production.
With a projected investment of up to USD 2.9 billion, the consortium composed of YPF, Pan American Energy, Vista, Pluspetrol, Pampa Energía, Chevron, and Shell is preparing to build a 267-mile (430 kilometers) pipeline between Neuquén and Río Negro, in addition to complementary works. The economic impact will be significant: it is estimated that the country could generate additional exports of more than USD 15 billion annually starting from the second half of 2027.
A strategic project for Argentine energy development
The approval of VMOS within the RIGI was confirmed by the Minister of Economy, Luis Caputo, who highlighted the importance of the project for the country's economic future. "The Evaluation Committee approved today the second RIGI project and the first Long-Term Strategic Export. This investment will allow oil exports of more than USD 15 billion per year", the minister noted, celebrating the leadership of Daniel González and the Energy and Mining team.
The megaproject already has secured financing of USD 1.7 billion through a syndicated loan from five international banks, reflecting private capital's confidence in the Argentine government's policies. The construction, which began in January, is progressing steadily with earthworks and the arrival of pipes, as confirmed by YPF in its reports to investors.
