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The Argentine Minister of Economy highlights that the oil industry is one of the fastest growing sectors in the country and reinforces the importance of valuing Argentine “black gold” for the Argentine people.
Argentina's Economy Minister, Sergio Massa, issued a warning to oil companies of the country on the supply of fuel at gas stations. He stated that this issue needs to be resolved by midnight on Tuesday the 31st.
Otherwise, from Wednesday, companies will not be able to board export ships. Massa highlighted that Argentine oil is for Argentines and that he will defend internal supply and best before date of Argentines.
But why is Argentina breaking oil production records?
During a press conference, Sergio Massa also highlighted that Argentina's oil sector is breaking production records. After the first round of elections, some companies decided to stockpile their production, taking into account a possible devaluation of the Argentine peso. The minister explained that these companies expected an increase in prices of between 20% and 40%, which is why they decided to save production.
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He also mentioned that the Argentine oil sector is one of the fastest growing in the world. In addition, it has a special exchange rate, tax cuts and frozen prices.
However, the day after the elections, the prices of gasoline and diesel at the pumps of the state-owned company YPF increased by 3%, even with a price freezing agreement between the oil companies and the government. This increase resulted in a fuel shortage in the interior of the country, mainly in the north.
Argentine oil should be used to benefit the country's population, according to Massa
Faced with this situation, Minister Sergio Massa reinforced his commitment to defending the internal supply and consumption of Argentines. He highlighted that Argentine oil must be used to benefit the country's population. Furthermore, he highlighted that the oil sector is constantly growing and that measures must be taken to ensure the stability of fuel supplies.
In this context, it is essential that oil companies act responsibly and meet the deadlines established by the government to resolve the issue. supply at stations. Exporting oil is important, but it cannot harm the internal supply and consumption of Argentines.
- Vital Role of the Petroleum Sector:
- Economic growth and job creation.
- Reducing dependence on imports of fuels.
- Sustainable development of the energy sector.
The government is aware of this issue and will take the necessary measures to ensure that Argentine oil benefits the country as a whole.
It is important to highlight that the Argentine oil sector plays a fundamental role in the country's economy. In addition to generating jobs and boosting economic growth, it contributes to reducing dependence on fuel imports. Therefore, it is essential that there is cooperation between oil companies and the government to guarantee the stability of fuel supplies and the sustainable development of the sector.
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