Argentina
The Government projects that energy and mining will contribute US$24 billion in 2027
Official estimates from the Central Bank foresee a sustained increase in net exports from both sectors. In the official roadmap, Vaca Muerta, lithium and copper appear as the main drivers of foreign-currency inflows.
The economic team led by Luis Caputo and the authorities at the Central Bank outlined projections for foreign-currency inflows over the coming years, with 2027 as a key date on the official calendar, in a year in which Javier Milei will seek reelection, according to iProfesional.
According to those official estimates cited by that outlet, net exports from energy and mining would reach US$24 billion in 2027. The calculation starts from a base of about US$13 billion in 2025, would rise to nearly US$19 billion in 2026 and then reach that level the following year.
Still according to the BCRA reports cited by iProfesional, the projection continues with US$28 billion in 2028, US$34 billion in 2029 and more than US$51 billion in 2030.
On the energy front, the greatest weight falls on Vaca Muerta and the Neuquén basin, with shale oil as the main driver of exports. The report notes that the pace of that growth will depend not only on drilling wells, but also on the launch of infrastructure works.
Among the key projects are the operation and expansion of Vaca Muerta Oil Sur, the expansion of the Oldelval system and the Otasa pipeline for shipments to Chile. Added to that is the official expectation that, starting in 2028, Argentina will join the global LNG market with liquefaction vessels in the Atlantic.
In mining, the BCRA projects growth supported by lithium projects in the NOA and by the reactivation of copper developments in the Andes. iProfesional indicated that the monetary authority expects the sector to be able to contribute on its own more than US$17 billion annually by 2030.
The official scheme also rests on the Régimen de Incentivo para Grandes Inversiones, whose accession window expires in July next year. According to iProfesional, the Government seeks to accelerate investment decisions not only in resource extraction, but also in roads, power lines, processing plants and dedicated ports.
Sources
About this note. Written by El Notero with assistance from artificial intelligence, based on what was published by the cited outlet. El Notero did not do its own reporting on this event.
