Argentina's energy secretary resigned on Friday, the government said in a statement, less than 24 hours after news leaked that the administration of President Mauricio Macri plans to increase electricity prices by an average 35% next year.
Argentina has launched its first offshore bidding round in nearly three decades. The country's energy secretariat published details regarding bidding terms and conditions for public bidding for exploration licenses.
Argentina’s newly named Production Minister Dante Sica told a radio station on Sunday that an exchange rate of between 28 and 29 Pesos per dollar is “comfortable” for industry.Sica, an economist, was appointed on Saturday to replace Francisco Cabrera as part of a shake-up that also led to the appointment of a new central bank president and energy minister.