US EditionArgentina Revamps Oil Export Taxes: Boosting Energy Sector Growth
10 Articles
10 Articles
The agreement was initialled at a meeting held in the Palace of Finance, headed by the Chief of Staff, Manuel Adorni, together with the Minister of Economy, Luis Caputo; the Minister of the Interior, Diego Santilli; and the Governor of Chubut, Ignacio Torres.The national government signed on Tuesday a memorandum of understanding with the province of Chubut to advance the elimination of withholdings from conventional oil exports, within the frame…
The Energy Secretariat convened a meeting with the oil companies at noon, where it announced that the “conventional” oil exports would be reduced. The measure had been requested by Ignacio Torres, the governor of Chubut. In this way, the national government seems to want to improve its relationship with the provinces. It seeks a political agreement with different leaders to promote laws in Congress.Vaca Muerta will not be part of the announcemen…
The government decided to remove the export right that oil and lubricants derived from hydrocarbons had paid since 2020. Until now, they taxed 8% when they were sold abroad. The measure was established by Decree 811/2025, published on Monday in the Official Gazette and signed by the President, Javier Milei, the Chief of Staff, Manuel Adorni, and the Minister of Economy, Luis Caputo.The scope of the decision covers oil or bituminous mineral oils,…
The removal of oil retentions generated a direct impact on 51 exporting companies that, between January and September 2025, sold more than USD 64 million in lubricating oils and liquids for engines to America, Europe and Africa. The measure removed the aliquot of 8% and seeks to improve the competitiveness of the industrial sector in the international markets. Scope of the elimination of retentions and objectives The measure, formalized by Decre…
The Government of Argentina has eliminated the export duties applied to petroleum oils and lubricants, which were set at 8%, with the objective of boosting sales abroad and strengthening corporate competitiveness. "We continue to lower the tax pressure to give more freedom to the private. We eliminate export duties to oils and lubricating fats, which will allow to increase by 70% the volume exported by 2028. This measure improves the competitive…
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