Government approves key energy, mining and automotive RIGI projects

The Argentine government approved a series of international investments in energy, mining and automotive manufacturing that will bring more than US$27 billion into the country. The projects include investments in Argentina’s main oil and gas field Vaca Muerta as well as a Toyota initiative to produce the first 100% electric car in the country, which, according to the government, is the largest investment in the history of the local automotive industry. They were approved under the Large Investment Incentive Regime (RIGI, by its Spanish initials), a special tax, customs and foreign exchange…