Argentinian President Javier Milei
Argentina’s new president promises energy shake-up
Self-described 'anarcho-capitalist’ vows economic transformation including privatising state energy firm YPF
Argentina’s chainsaw-wielding new president Javier Milei is the country’s first democratically elected leader in more than a century to not come from, or be backed by, one of the two major political parties and now faces the daunting task of overhauling Argentina’s floundering economy. The libertarian economist has little previous governing experience but has promised major reforms, including slashing public spending and privatising state-run oil company YPF. Inflation in Argentina has topped 140% this year as the incumbent government struggled to prevent the country sliding precariously towards hyperinflation. “Milei represents a jump into the unknown and espouses some radical ideas that a
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
