{"id":187273,"date":"2025-11-27T20:11:12","date_gmt":"2025-11-27T20:11:12","guid":{"rendered":"https:\/\/teknomers.com\/en\/neuquen-and-santa-cruz-reach-agreement-with-government-to-lower-oil-withholdings-what-does-the-new-scheme-entail\/"},"modified":"2025-11-27T20:11:14","modified_gmt":"2025-11-27T20:11:14","slug":"neuquen-and-santa-cruz-reach-agreement-with-government-to-lower-oil-withholdings-what-does-the-new-scheme-entail","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/neuquen-and-santa-cruz-reach-agreement-with-government-to-lower-oil-withholdings-what-does-the-new-scheme-entail\/","title":{"rendered":"Neuqu\u00e9n and Santa Cruz Reach Agreement with Government to Lower Oil Withholdings: What Does the New Scheme Entail?"},"content":{"rendered":"\n<div>\n<div class=\"visual__image image-initial-width\">\n    <picture><source  media=\"(min-width: 1000px)\"\/><source  media=\"(min-width: 768px)\"\/><source  media=\"(min-width: 580px)\"\/><source  media=\"(min-width: 350px)\"\/><source  media=\"(min-width: 80px)\"\/><\/picture><figcaption class=\"article-figcaption-img\">The Minister of Economy, Luis Caputo, signed the agreement to lower oil withholdings with the governor of Neuqu\u00e9n, Rolando Figueroa.<\/figcaption><\/div>\n<h2>Agreement on Oil Withholdings<\/h2>\n<p>Today, the Minister of Economy, <b>Luis Caputo<\/b>, met with the governors of <b>Santa Cruz<\/b> and <b>Neuqu\u00e9n<\/b>, Claudio Vidal and Rolando Figueroa respectively, to sign a significant agreement aimed at reducing oil withholdings. This strategic move is designed to enhance oil sector exports while providing tax relief to local producers.<\/p>\n<h3>Details of the Agreement<\/h3>\n<p>The agreement stipulates that the withholding structure will be based on the price per barrel. Here&#8217;s how the new scheme is planned to work:<\/p>\n<ul>\n<li>For prices up to USD 65, there will be no withholding applied.<\/li>\n<li>For prices between USD 65 to USD 80, a graduated withholding percentage will be applied.<\/li>\n<li>For prices exceeding USD 80, a fixed withholding rate of 8% will be implemented.<\/li>\n<\/ul>\n<p>This tiered structure aims to lessen the economic burden on oil producers, fostering investment in the development of local extraction capabilities.<\/p>\n<h3>Status of Implementation<\/h3>\n<p>While the agreement has been signed, specifics regarding its implementation remain unclear. Further discussions are required with other oil-producing provinces and companies that have yet to finalize agreements. Additionally, there are plans to explore reducing royalties in mature deposits, further incentivizing industry reinvestment.<\/p>\n<h2>Reactions and Future Implications<\/h2>\n<p>The agreement has sparked optimism regarding the future of the oil sector within these regions. The removal of withholdings is anticipated to stimulate investment in aging oil basins that are experiencing decline, which could be crucial for ensuring local job security and maintaining economic stability.<\/p>\n<p>Governors like Claudio Vidal have emphasized that this arrangement not only focuses on fiscal benefits but also aims to revive essential investments in the struggling oil industry.<\/p>\n<h3>Collaborative Efforts Ahead<\/h3>\n<p>Looking ahead, the Ministry of Economy is set to engage other provinces such as <b>Mendoza<\/b>, <b>Tierra del Fuego<\/b>, and <b>R\u00edo Negro<\/b> to expand this relief effort. The collaboration between federal and provincial governments signifies a unified approach to bolster the oil production sector&#8217;s sustainability and profitability.<\/p>\n<h2>Conclusion<\/h2>\n<p>The recent agreement to lower oil withholdings represents a critical step towards revitalizing the oil sector in Neuqu\u00e9n and Santa Cruz. As stakeholders unite to tackle the challenges facing this industry, the potential for growth and investment remains optimistic, which could ultimately have a lasting positive impact on the regional economy.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/teknomers.com\/category\/general\/\" rel=\"dofollow\">General News &#8211; 2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of Economy, Luis Caputo, signed the agreement to lower oil withholdings with the governor of Neuqu\u00e9n, Rolando Figueroa. Agreement on Oil Withholdings Today, the Minister of Economy, Luis Caputo, met with the governors of Santa Cruz and Neuqu\u00e9n, Claudio Vidal and Rolando Figueroa respectively, to sign a significant agreement aimed at reducing oil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":187274,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10,27210,39968,291,42735,645,4896,5147,4311,43366],"class_list":["post-187273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mazagine","tag-agreement","tag-cruz","tag-entail","tag-government","tag-neuquen","tag-oil","tag-reach","tag-santa","tag-scheme","tag-withholdings"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/187273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=187273"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/187273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media\/187274"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=187273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=187273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=187273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}