Policy & Regulation

Argentina’s new energy minister will be hands off

Argentina’s new energy minister has reaffirmed the country’s commitment to the ‘free market’, but several structural challenges remain Argentina’s new energy minister has reaffirmed the country’s commitment to the ‘free market’, but several structural challenges remain.
By The Wildcat 5 July 2018 0 31614
Javier Iguacel (right), Argentina’s new energy minister. (Casa Rosada)

Argentina is still following the long road to liberalisation. But the country’s new energy minister, Javier Iguacel, is promising to make it a less tortuous journey.  

“There’ll be no more agreements [on fuel prices],” Iguacel told Bloomberg earlier this week. “It’s a free market,” he added. This contrasts with his predecessor, Juan Jose Aranguren, who attempted to reverse engineer a market through a cocktail of production-based incentives and consumer shocks. 

Iguacel’s promise of staying out of the economics has reassured some pundits. There was...