Argentine Patagonia region is shaping up as the country’s main source of new jobs in the coming years, on the back of multibillion-dollar oil and mining investments championed by President Javier Milei’s government, according to the latest report from the Fundación Mediterránea think tank.

The southern part of the country region is the largest beneficiary of the Large Investment Incentives Regime (RIGI, for its acronym in Spanish), approved by the government in late 2024, and ranks first with announced investments totaling US$12.284 billion.

“Neuquén and Río Negro stand out, thanks to a range of large-scale shale oil and gas projects and the infrastructure tied to the Vaca Muerta fields, cementing the region as a destination for energy investment,” the report said.

As a result, Patagonia is also the region poised to create the most jobs, with an estimated 35,564 new positionsjobs.

More than half of those are accounted for by........

© Buenos Aires Herald