Quita de subsidios a la producción de petróleo en Argentina

Argentina reduced direct budgetary transfers to oil producers, saving an estimated US$ 780 million in 2017. However, the government maintained and prioritized subsidies for unconventional gas production, specifically targeting the Vaca Muerta reservoir through the 'Plan Gas'. These reforms were driven by fiscal pressures, including a US$ 50 billion IMF standby agreement requiring deficit reduction. While oil subsidies fell, the government continued to owe US$ 1.5 billion to oil companies as of January 2019. Environmental concerns persist as gas is treated as a transition fuel, despite the high greenhouse gas emissions and water contamination associated with fracking in Vaca Muerta.

• Argentina achieved an estimated saving of at least US$ 780 million in 2017 by reducing direct budgetary incentives to oil producers. This represents a significant drop from the US$ 914 million in incentives provided in 2016, falling to US$ 134 million in 2017.
• The government shifted its support from oil to unconventional gas to attract investment to the Vaca Muerta reservoir. The 'Plan Gas' program, which represents 17.3% of total public spending for 2018, guarantees eligible producers a price of 7.50 US$/MMBTU in 2018, decreasing by 50 cents annually until reaching 6 US$/MMBTU in 2021.
• Fiscal pressures and international agreements drove the reform. Argentina signed a US$ 50 billion standby agreement with the International Monetary Fund (IMF) in 2018, which required a fiscal deficit reduction of 3.1% between 2018 and 2021, totaling approximately US$ 19.3 billion.
• The reform had negative social and environmental impacts. Subsidies for vulnerable groups—representing 4.2 million people or one-third of consumers—were reduced. Environmentally, the reliance on fracking in Vaca Muerta is criticized for causing significant greenhouse gas emissions and water contamination.
• Despite the reduction in production subsidies, the government still owed US$ 1.5 billion in production subsidies to oil companies starting in January 2019.

APA

International Institute for Sustainable Development (n.d.). Quita de subsidios a la producción de petróleo en Argentina. https://www.iisd.org/sites/default/files/publications/stories-g20-argentina-es.pdf

Chicago

International Institute for Sustainable Development. Quita de subsidios a la producción de petróleo en Argentina. n.d. https://www.iisd.org/sites/default/files/publications/stories-g20-argentina-es.pdf.

Wikipedia

{{cite report |author=International Institute for Sustainable Development |title=Quita de subsidios a la producción de petróleo en Argentina |url=https://www.iisd.org/sites/default/files/publications/stories-g20-argentina-es.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{internationalinstituteforsustainabledevelopmentndquita, author = {{International Institute for Sustainable Development}}, title = {{Quita de subsidios a la producción de petróleo en Argentina}}, institution = {International Institute for Sustainable Development}, url = {https://www.iisd.org/sites/default/files/publications/stories-g20-argentina-es.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }