President Javier Milei utilized a nationally televised broadcast on Friday night to celebrate a favorable court ruling for Argentina concerning the 2012 nationalization of the state energy firm YPF, while simultaneously characterizing the leaders of the opposition Peronist movement as irresponsible and reckless. In an unexpected ‘Cadena Nacional’ address aired nationwide, Milei vehemently condemned former … Read more
A US appeals court on Friday reversed a decision that mandated Argentina to compensate US$16.1 billion for the 2012 expropriation of oil company YPF. The 2nd US Circuit Court of Appeals in New York issued a ruling, determining that the lower court had erred in siding with former shareholders who alleged they suffered harm due … Read more
In a closing speech at the CPAC summit in Hungary on Saturday, President Javier Milei asserted that “Argentina is in a position to guarantee Europe’s energy security.” The remarks followed a meeting between the head of state and his ally, Hungary’s Prime Minister Viktor Orban, a far-right leader who is preparing for an election later … Read more
The recent closure of Fate, an 86-year-old tire manufacturer with a workforce exceeding 900, exemplifies a broader trend in Argentina’s economic landscape. Official figures indicate that manufacturing facilities in the country are operating at merely 50% of their potential capacity, and since Javier Milei assumed office in December 2023, more than 20,000 enterprises have ceased … Read more
Argentine President Javier Milei this week ridiculed Paolo Rocca, one of the nation’s most affluent chief executive officers, by referring to him as Don Chatarrín (Mister Scrap Metal). The remark followed his company’s failure to secure a pipeline construction contract with an Indian firm, resulting in reported threats of an anti-dumping lawsuit and highlighting the … Read more
In 2025, Argentina’s energy sector experienced significant prosperity, largely attributed to its most prominent asset: the expansive shale oil and gas field known as Vaca Muerta, located in northern Patagonia. Oil production achieved two significant milestones this year. The initial achievement was attaining the peak volume of barrels produced daily. In October, the nation achieved … Read more