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The government took the subsidy to oil companies | chronicle

Minister of Energy, Gustavo LopeteguOfficially, this applies to businessmen of the oil sector who will not comply with resolution 46, approved by then-Minister Juan José Aranguren, who provided a special subsidy to firms that increase gas production at the Waka-Muert field.

In addition, the national executive made changes to the subsidies that they would support, which led to a serious conflict with Tecpetrol, a company from the influential Techint group. From now on, resolution 46 will be limited to the production originally announced during the submission of projects.

According to the company's estimates, according to the company and the government, at that time Tecpetrol produced 8.5 million cubic meters per day (m3 / day) of gas. But now the Fortín de Piedra field produces 17.5 million M3 / day of gas. Consequently, the company would receive half of the subsidies that it would have if the change in the volume of recognized products had not been introduced.

From the moment of signing a few days ago, they will not make the decision that became official yesterday. In a statement to the National Securities Commission, he said that he had instructed his lawyers to file a lawsuit against the national state. According to Tecpetrol calculations, “The change of the back payment criteria reaches the calculations in April, May, June, July, August, September and October 2018. This change implies a lower payment of $ 1,994 million by September 2018 and, if it persists for all of 2018, the total impact of the year would be $ 5655 million. " However, from the government they were optimistic about the agreement.

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