Argentina to launch delayed offshore auction in October

S&P Global Platts

In an article written in S&P Global Platts on September 19, managing director of Cefeidas GroupJuan Cruz Díaz was quoted on the upcoming offshore licensing round for oil and natural gas in Argentina, after a recent plunge in devaluation, surging inflation, and the world’s highest interest rates sparked concerns.

Juan Cruz Diaz, managing director of Cefeidas Group, an international advisory firm in Buenos Aires, said the crisis “has spooked” companies in many sectors about making decisions on new investments.

But that doesn’t seem to be the case for the offshore round, he added.

“The consultations have not stopped, nor the interest,” Diaz said, “but the companies want to know what is happening and if the government is going to change its policies or not. My sense is that there are not going to be any policy changes.”

To read the full article, please click here.