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Argentina Extends RIGI to 2027, Sets $600 Million Floor for Onshore Oil and Gas

The move aims to give investors a longer runway with clearer rules to finance export‑driven mega‑projects.

Overview

  • Decree 105/2026, published on February 19, formally extends the window to join the large‑investment regime to July 8, 2027.
  • New onshore oil and gas developments are now eligible under the regime with a minimum investable‑assets threshold of $600 million, while offshore projects carry a $200 million floor.
  • The scope broadens to high‑technology activities, with tailored rules that allow $250 million expansions for new products in fast‑cycle tech segments under defined conditions.
  • Anti‑fragmentation and traceability requirements are introduced to separate covered and non‑covered activities, alongside clarifications on accelerated depreciation, dividend distribution, imports and access to foreign exchange.
  • The government reports 10 approved projects totaling $25.479 billion, including Vicuña Corp and a GNL plant in Río Negro, as Neuquén prepares to formalize upstream participation to accelerate investment.