The first project to be built under the government’s newly launched large investment regime (RIGI) will be an oil pipeline called “Vaca Muerta Sur” spearheaded by state-owned energy company YPF. The project will cost US$2.5 billion, according to YPF president Horacio Marín.

The RIGI, a major part of the Ley Bases that not all provinces have adhered to, consists of a flurry of tax breaks, currency exchange perks, and other sweeteners. It was designed to attract foreign investments as the country’s severe currency controls........

© Buenos Aires Herald