PRESIDENT MACRI SPEARHEADED A NEW MEETING OF THE BUREAU OF DEAD COW

President Mauricio Macri led at the residence of Olivos the third plenary
session of the Bureau de Vaca Muerta in which the agreements reached to
move forward with infrastructure at the site and the opening of new export
markets, among other topics were discussed. The hearing was attended by the
Minister of Transport, Guillermo Dietrich; the deputy chief of staff in
charge of the Ministry of Modernization, Andrés Ibarra; Government
Secretary of Energy, Gustavo Lopetegui; and the governor of the province of
Neuquen, Omar Gutiérrez. Also they attended by holders of Union Oil and Gas
Private Black River, Neuquén and La Pampa, Guillermo Pereyra; of the Metal
Workers Union (UOM), Antonio Caló; and Construction Workers Union (Uocra),
Gerardo Martinez; and the president of YPF, Miguel Angel Gutierrez, among
other authorities. During the plenary meeting, the first after those in
Loma Campana, Neuquén, on 28 August last year, and the Casa Rosada, on
December 13 last, the Government highlighted the consensus for the
construction of a new pipeline that will allow increasing the supply of gas
to the Vaca Muerta consumption centers of Greater Buenos Aires (AMBA) and
the coast. At the same time, the Government Department of Energy noted that
in recent months exports of natural gas to Chile and Brazil resumed exports
of electricity to Brazil Energy was authorized and the import contract gas
with Bolivia was renegotiated, reducing gas volumes imported during the
summer and saving foreign exchange. Gustavo Lopetegui reviewed the latest
statistics of production and stressed that Argentina no imports oil from a
year ago. "Late last year surpassed the 1 000 shale wells. 712 fractures in
February a new record of activity is achieved, "he said. He added that "one
of the main variables of success in this type of production is to share
knowledge, cooperate and gain scale." "That's so important this table that
companies, unions and provincial governments are working on all the aspects
that make to improve productivity, "he said. The aim of the table is to
deepen sectoral policies that allow further reduce operating costs, achieve
a higher level of activity, develop local suppliers, improve infrastructure
and promote investments. The meeting also allowed to address issues of job
security of workers and the progress of the Ministry of Productive
Simplification to streamline the regulation of heavy equipment.

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