The Government anticipated that Chevron will present a project at the RIGI for more than $10 billion

In the coming days, the US oil company Chevron will present a new investment project in Argentina for more than 10 billion dollars under the Incentive Regime for Large Investments (RIGI).

The announcement was anticipated by the Minister of Economy, Luis “Toto” Caputo, and came after a meeting held in Los Angeles, where President Javier Milei led a meeting with investors and authorities from important companies, as part of his participation in the 29th Global Conference of the Milken Institute.

Through his account on the social network X, Caputo detailed the commitment made by the company: “We met together with Pablo Quirno and Alec Oxenford with Chevron CFO Eimar Bonner and Laura Lane, who assured us that they will be sending a new RIGI project in the coming days for more than 10 billion dollars.”

The meeting with the managers of the energy company took place in the context of a broader agenda of the Argentine president in the United States, aimed at strengthening ties with the international private sector and attracting large scale investments to the country, generating thousands of jobs for

Previously, he held a meeting with the president of the host institution, Michael Milken, and later led the meeting with a small group of businessmen.

Chevron's investment is part of the RIGI scheme, promoted by the libertarian administration to promote the inflow of foreign capital through fiscal incentives and legal stability

for large projects.

With this new project, the investments generated by RIGI will have exceeded the figure of 100 billion dollars, between those approved and those that are being analyzed.

In addition, Chevron's announcement would represent one of the most important investments announced recently, in line with the official strategy of positioning Argentina as an attractive destination for the development of major productive initiatives.