Argentina

EITI Status Yet to be assessed against the Standard
Joined EITI in 2019
Website EITI Argentina
Last updated 4 November 2020

Overview

The extractive industry of Argentina includes oil, gas and minerals. Globally, Argentina is the second country with largest shale gas resources, and the fourth country in unconventional oil resources. The development of these resources requires large and continued investments in the coming decade, as well as the enhancement of the governance framework for the extractive sector.

The state-controlled oil company, YPF leads the activities of exploration, development and production of crude oil, natural gas and LPG. In 2017, YPF accounted for 43% of the country’s total production of oil, and 50% of the total production of gas. The company is the Latin-American leader in exploratory and production projects of non-conventional oil and gas. Amongst these, the most important is the Vaca Muerta formation - one of the largest reserves of shale oil and gas in the world.

Mining in Argentina is still at an early stage of development, although the mining activity has proven to have large potential in different provinces across the country. Social and political conflict around metallic large-scale mining and its environmental effects, has resulted in several provinces banning certain mining techniques, such as open casks.

In 2018, the GDP of Argentina was 520 billion usd, with about 60% of it being derived from services. In that same year, the hydrocarbon sector represented 3.8% of GDP, and mining of metals accounted for 0.8%.

Implementation

Argentina became implementing country in February 2019. The country was approved by the Board for adapted implementation given its federal structure. Each province owns and manages the natural resources in their territory. Argentina has therefore decided to implement the EITI in two phases. Phase one involves the national government, the industry and the civil society, while phase two is intended to also include relevant provinces.

Currently the country is working in the phase one of implementation, focusing on the federal level and is gathering data on the revenues collected by the central administration. Argentina aims to later develop provincial EITIs directed at implementing the initiative on the local level. Nonetheless, adhering to EITI is a matter subject to provincial autonomy so timeframe for each of the process might vary accordingly. So far, there has been one subnational EITI process initiated by the province of Salta in September 2019.

Argentina has approved their five-year National Anticorruption Plan including commitment to continue EITI implementation, as well as their 4th OGP National Action Plan, which includes transparency in the extractive sector as part of their first commitment.

In preparation of their first report, EITI Argentina has launched their web portal, including a series of datasets updated on a monthly basis. This portal covers disclosures from the federal government, as well as statistics regarding volume of production, revenues from oil and gas, and some information regarding exports and contextual data. 

Currently, the EITI process in Argentina is led by two EITI-Champions, one representing each extractive sector. They are, the Undersecretary for Mining Development, Laura Ropolo, and the Undersecretary for Hydrocarbons, Juan José Carbajales.

Governance

Currently, the EITI process in Argentina is led by two EITI-Champions, one representing each extractive sector. They are, the Undersecretary for Mining Development, Laura Ropolo, and the Undersecretary for Hydrocarbons, Juan José Carbajales. 

Government constituency 

  • Secretariat of Energy  
  • Secretariat of Mining  
  • Minister of Production: Chief of Staff office 
  • Ministry of Finance  

Industry constituency 

  • YPF  
  • IAPG - Argentine Institute of Petroleum and Gas 
  • CEPH - Chamber of Hydrocarbon Production Companies 
  • CAEM - Argentine Chamber of Mining Entrepreneurs  

Civil Society constituency 

  • Fundación Cambio Democrático  
  • Universidad Nacional de San Martín  
  • Universidad Católica Argentina  
  • Fundación Directorio Legislativo  
  • CIPPEC: Centre for Implementation of Public Policies for Equity and Growth  

Timeline

Argentina EITI implementation