On Thursday, the Argentine government issued Decree 105/2026, published in the Official Gazette, which extends the validity of the Regime of Incentive for Large Investments (RIGI) to July 2027. This initiative was announced by Economy Minister Luis Caputo, who highlighted that the government has also made changes to the system to ensure it is clearer and more efficient for investors. The reforms include new developments in the oil and gas sectors, which will require a minimum investment of 600 million dollars.

Minister Caputo took to social media to emphasize the significance of the RIGI, stating that the new regulations aim to facilitate implementation and provide greater predictability for investors. Currently, there are ten projects approved under the RIGI with a total investment of 25.479 billion dollars, with more projects in the evaluation process. Caputo's statements reflect the government's commitment to attracting significant foreign investment, particularly in the energy sector, amidst Argentina's ongoing economic challenges.

This extension and modification of RIGI are crucial not only for boosting investments in the essential oil and gas sectors but also for the broader economic recovery in Argentina. By creating a more favorable investment climate, the government aims to stimulate economic growth and job creation at a time when the country faces numerous financial hurdles. The emphasis on large investments signifies the authorities' strategic focus on maximizing the nation’s resource potential and enhancing its energy independence.