Effective this Thursday, the government of Argentina agreed to defreeze the price of fuel and thus authorize a 4 percent increase after yielding to pressure from province governors and oil companies as the barrel of crude also goes up globally.
Argentina on Wednesday launched an international tender for a multibillion-dollar pipeline to transport natural gas from the Vaca Muerta shale formation in the western part of the country to capital Buenos Aires. Bids will be opened on September 12.
Argentina’s energy secretary says improper reprogramming of the electricity system following the installation of a bypass on a major transmission line caused the power outage that left tens of millions of people in three nations without power.
Argentina has opened an inquiry into what caused a massive blackout that left nearly 50 million people without power, Energy Minister Gustavo Lopetegui said on Monday.
A massive blackout left tens of millions of people without electricity in Argentina, Uruguay, Paraguay and parts of Chile and southern Brazil on Sunday. The Argentine president called it an “unprecedented” failure in the countries' interconnected power grid.
Argentina's Energy Secretary Gustavo Lopetegui described the massive blackout suffered mostly by Argentina and Uruguay, but which also affected areas of neighbouring countries, Paraguay, Chile and Brazil as “an extraordinary event that should have never happened, there are no reasons for it occurring and leaving Argentina completely in the black”.