Numerous companies confirmed new projects in the country during the international event that the Government is promoting to attract investments to the country
The Argentina Week has already made announcements of investments worth billions of dollars before its closing, scheduled for this Thursday, October 2.
During the activities led by the Government of Javier Milei, energy, mining, and tourism companies announced new projects and expansions to be developed in Argentina.
The investments announced so far
Among the main announcements is that of Pan American Energy (PAE), which presented a project for approximately USD 1.2 billion under the Incentive Regime for Large Investments (RIGI).
This is the first project of this regime aimed at conventional hydrocarbons and will focus on Cerro Dragón, in Chubut.
Argentina Week 2026
The initiative includes the installation of 22 polymer injection plants, the drilling of 100 new wells, and the intervention of another 600 producing wells. The goal is to increase oil and conventional gas production through tertiary recovery techniques.
Marcos Bulgheroni, Group CEO of Pan American Energy, stated that “we are focused on seeking new investment horizons in Cerro Dragón that complement the work we are doing to provide greater sustainability to the basin”. He also emphasized that the project's entry into the RIGI will allow for the advancement of new techniques and sustain activity.
A project from TotalEnergies for USD 5 billion under the RIGI to expand oil production in San Roque, Neuquén was also announced, with a total outlay reaching 10 billion dollars.
The announcement was made by the company's CEO, Patrick Pouyanné, who linked the initiative to the current conditions for investing in the country.
“Can we invest in Argentina? Yes, we can,” Pouyanné stated. The executive also maintained that Milei's libertarian management “has created a positive momentum to invest in Argentina”.
TotalEnergies also reported that it is analyzing investments between USD 4 billion and USD 5 billion to increase its natural gas production in Aguada Pichana. The company aims to raise it from the current 14 million cubic meters to 16 million.
These announcements are complemented by the so-called Alberdi Project, which TotalEnergies is developing in Tierra del Fuego and involves an investment of up to USD 1.5 billion. The project plans for three to five subsea wells to develop the offshore area.
Minister Luis "Toto" Caputo
The mining sector
In mining, Eramet confirmed its intention to apply for entry into the RIGI to advance with the first expansion of its lithium project Centenario-Ratones, in Salta.
The expansion involves a potential additional investment of approximately USD 350 million and would allow for an increase of 11,000 tons annually in lithium carbonate production capacity. During the meeting with Argentine authorities, the company presented the project to Karina Milei and the Minister of Economy, Luis "Toto" Caputo.
The mining sector also featured Glencore and Rio Tinto. Glencore's CEO, Gary Nagle, highlighted the RIGI and stated: “If re-elected, investments will multiply”. Jerome Pecresse, CEO of Rio Tinto, also emphasized the regime aimed at large investments.
Meanwhile, the hotel chain Huttopia announced its arrival in Argentina with an investment of between 3 and 5 million euros to open Huttopia Mar Azul. The company plans to expand later to reach between five and six establishments in the country by 2030.
Minister Luis Caputo summarized Pan American Energy's announcement by stating: “It is a great joy that this has been carried out, it is the result of the most important industrial policy of the last decades, the RIGI”.
With Argentina Week still ongoing until October 2, the announcements already include energy, mining, and tourism projects worth several billion dollars, with new investments linked to the RIGI and the expansion of existing operations in various regions of the country.
