Argentina's state-owned IEASA received offers from 14 companies to supply 24 LNG cargoes at an average price of US$ 6.50/mn Btu. All the offers are expected to be awarded for a total of US$ 330mn, according to the energy secretariat.
The governments of the United Kingdom, the Falkland Islands and Argentina agreed on Thursday to carry out a new stage of the Humanitarian Project Plan that began in 2017 and has allowed the identification of 115 Argentine soldiers fallen during the 1982 armed conflict. The agreement was signed at the International Committee of the Red Cross (ICRC) in Geneva, Switzerland and the Plan will be resumed in August, as confirmed by the British Embassy in Buenos Aires.
The accord for the second phase of the humanitarian initiative to identify the remains of Argentine combatants buried at the Argentine military cemetery in the Falkland Islands is scheduled to be signed this Thursday in Geneva, while work could be starting by next August.
Argentina's Economy Minister Martin Guzmán traveled to New York on Wednesday night to meet investors before heading to Washington for talks with the International Monetary Fund, a government source said.
YPF, the biggest oil producer in Argentina, said on March 16 that it hiked diesel and gasoline pump prices by 7%, helping to finance a US$2.7 billion investment plan to boost crude output.
Argentina's Ministry of Development and Production anticipated that the country's industrial output should grow more than 6% this year compared to 2020. Economist Matias Kulfas said he expected Argentina's economy as a whole to expand 5% to 6% during the year, based on preliminary data and depending on how the novel coronavirus and vaccination campaign evolves and its impact on growth.
The Mercosur face-to-face presidential summit scheduled for 26th March originally planned to take place in Argentina that currently holds the rotating chair of the block, will be held online because of the sanitary situation in the region.
Argentina is not an easy country to manage, particularly when institutions are weak and governments lack credibility. Such was the experience of president Alberto Fernandez during a visit to Patagonia to announce support for residents that suffered the devastation caused by forest fires in the region.
International Investment Bank Morgan Stanley has shifted its long-held view on Argentina sovereign credit to “like,” as risks were flexed upside after a lot of bad news had been priced into bonds, including, increasingly, a delay to an IMF program and a further complication with the Club of Paris payment.
The Argentine government has extended until 31 December the current sanitary emergency first decreed on 12 March 2020, just days ahead of the social, preventive and mandatory distancing to contain the effects of the pandemic.