Argentina's Urgent Call to Reform Currency Controls for Energy Sector Investment

Governor Rolando Figueroa of Neuquen province urges Argentina to lift currency exchange controls to attract investors for its oil and gas industry. Figueroa believes the sector could boost production sixfold, requiring clear rules and a new legal framework to achieve these goals.

Argentina must swiftly lift currency exchange controls to attract investors in its oil and gas sector, stated Rolando Figueroa, governor of Neuquen province, at a business meeting in Houston.

Governor Figueroa emphasized that Argentina has the potential to increase its oil and gas production sixfold. However, achieving this ambitious target necessitates clear regulations, a revamped legal framework for the energy sector, and effective resource management.

Lifting currency controls is crucial for reducing expensive energy imports and capitalizing on the country's production capabilities, said Figueroa.

(With inputs from agencies.)