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Macri win heralds new era for Argentine energy

Mauricio Macri, mayor of Buenos Aires, swept to a surprise victory over rival Daniel Scioli in Argentina’s presidential election on 22 November, setting the country’s energy future in a new direction

In recent years, international oil companies, including Chevron, ExxonMobil, Shell, Total and others, have grabbed a foothold in the vast Vaca Muerta shale oil and gas field, one of the largest so far discovered outside of North America. But they have been slow to invest, choosing instead to wait for a raft of policy changes they say is needed to make Argentina a more profitable place to do business. Those changes could be about to come. Economic overhaul Macri has promised to overhaul the economy by applying free-market principles. Crucially, for energy investors, the president-elect plans to lift the capital controls that make it difficult for companies to repatriate profits and bring s

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