President Javier Milei unveiled a sweeping investment incentive package that will accelerate the development of the Vaca Muerta shale oil field, a flagship asset in Argentina’s energy sector.

The package, worth $12 billion, signals a major policy shift aimed at attracting foreign capital and boosting domestic production. By cutting regulatory hurdles and offering fiscal breaks, the government hopes to turn Vaca Muerta into a key contributor to the country’s GDP.

For investors, the move sharpens Argentina’s appeal as a low‑cost drilling destination and could lift commodity prices locally. Energy firms eyeing the region may now secure better terms, while the government positions itself for a surge in export revenues. The incentive package marks a decisive step toward turning shale potential into tangible output.