{"id":12731,"date":"2026-05-18T17:40:30","date_gmt":"2026-05-18T20:40:30","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=12731"},"modified":"2026-05-18T17:40:32","modified_gmt":"2026-05-18T20:40:32","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c05%ec%9b%94-18%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=12731","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(05\uc6d4 18\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. \ub18d\uc5c5 \uc218\ucd9c \uc99d\uac00\ub85c \uc678\ud658 \uc720\uc785 \ud655\ub300
    \ub18d\uc5c5 \ubd80\ubb38\uc774 2025\/26 \uc2dc\uc98c \ub3d9\uc548 \uc57d 361\uc5b5 1,100\ub9cc \ub2ec\ub7ec\uc758 \uc678\ud654\ub97c \uacf5\uae09\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ub85c\uc0ac\ub9ac\uc624 \uc0c1\uacf5\ud68c\uc758\uc18c\ub294 \uad6d\uc81c \uace1\ubb3c \uac00\uaca9 \uc0c1\uc2b9\uacfc \ub300\ub450\u00b7\uc625\uc218\uc218 \uc0dd\uc0b0 \uc99d\uac00\ub97c \ubc18\uc601\ud574 \uc218\ucd9c \uc804\ub9dd\uce58\ub97c \uc0c1\ud5a5 \uc870\uc815\ud588\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ol>\n\n\n\n
      \n
    • \ub300\ub450 \uc0dd\uc0b0 \uc608\uc0c1: 5,000\ub9cc \ud1a4<\/li>\n\n\n\n
    • \uc625\uc218\uc218 \uc0dd\uc0b0 \uc608\uc0c1: 6,800\ub9cc \ud1a4
      \uc774\ub85c \uc778\ud574 \uace1\ubb3c\u00b7\uc2dd\uc6a9\uc720\u00b7\uc0ac\ub8cc \uc218\ucd9c\uc774 \ud65c\uc131\ud654\ub420 \uc804\ub9dd\uc785\ub2c8\ub2e4. \ub2e4\ub9cc \ube44\ub8cc\uc640 \uc5f0\ub8cc \ube44\uc6a9 \uc0c1\uc2b9\uc73c\ub85c \uc778\ud574 \ucd5c\uc885 \uc21c\uc774\uc775\uc740 2025\ub144\uacfc \ube44\uc2b7\ud55c \uc218\uc900\uc5d0 \uba38\ubb3c \uac83\uc73c\ub85c \ubcf4\uc785\ub2c8\ub2e4.
      \ucd08\ubc18\uc5d0\ub294 \uae30\ud6c4 \ubb38\uc81c\uc640 \ud589\uc815 \uc808\ucc28 \uc9c0\uc5f0\uc73c\ub85c \uc678\ud654 \uc720\uc785 \uc18d\ub3c4\uac00 \ub290\ub838\uc9c0\ub9cc, 5\uc6d4 \ub4e4\uc5b4 \ube60\ub974\uac8c \ud68c\ubcf5\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc815\ubd80 \uc785\uc7a5\uc5d0\uc11c\ub294 \uc774\ub7ec\ud55c \ub2ec\ub7ec \uc720\uc785\uc774 \ub9e4\uc6b0 \uc911\uc694\ud558\uba70, \uc911\uc559\uc740\ud589\uc758 \uc678\ud658\ubcf4\uc720\uace0 \ud655\ucda9\uacfc \ud658\uc728 \uc548\uc815, \uc778\ud50c\ub808\uc774\uc158 \ud558\ub77d\uc744 \uc9c0\ud0f1\ud558\ub294 \ud575\uc2ec \uc694\uc18c\ub85c \ud3c9\uac00\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n
        \n
      1. \uc778\ud50c\ub808\uc774\uc158 \ub454\ud654 \uc18d \uace0\uc815\uae08\ub9ac \uc0c1\ud488 \ud68c\ubcf5, CER\ub3c4 \uc5ec\uc804\ud788 \ub9e4\ub825
        4\uc6d4 \uc778\ud50c\ub808\uc774\uc158\uc740 2.6%\ub85c \ub454\ud654\ub418\uc5c8\uc73c\uba70, 5\uc6d4\uc740 2.4% \uc218\uc900\uc774 \uc608\uc0c1\ub429\ub2c8\ub2e4.
        \ub454\ud654 \uc6d0\uc778: \u2022 \uadfc\uc6d0 \uc778\ud50c\ub808\uc774\uc158 2.3%\ub85c \ud558\ub77d<\/li>\n<\/ol>\n\n\n\n
          \n
        • \uc721\ub958 \uac00\uaca9 \uc0c1\uc2b9\ub960\uc774 0.7%\ub85c \ub0ae\uc544\uc9d0<\/li>\n\n\n\n
        • \ub2ec\ub7ec \ud658\uc728 \uc548\uc815<\/li>\n\n\n\n
        • YPF \uc5f0\ub8cc \uac00\uaca9\uc774 \uc2e4\uc81c \ubb3c\uac00 \ub300\ube44 \uc57d 15% \ub0ae\uac8c \uc720\uc9c0\ub428
          \uc774\ub7ec\ud55c \ud658\uacbd\uc5d0\uc11c \ud398\uc18c \uae08\uc735\uc0c1\ud488\uc758 \ud750\ub984\uc774 \ubcc0\ud654\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n\n\n\n
        • CER(\uc778\ud50c\ub808\uc774\uc158) \uc5f0\ub3d9 \ucc44\uad8c \ud3c9\uade0 \uc0c1\uc2b9\ub960: 1.3%<\/li>\n\n\n\n
        • \uace0\uc815\uae08\ub9ac \uc0c1\ud488 \uc0c1\uc2b9\ub960: 0.9%
          \uc6d4 \uc218\uc775\ub960\uc774 1.7~2% \uc218\uc900\uc73c\ub85c \uc720\uc9c0\ub418\uba74\uc11c \uace0\uc815\uae08\ub9ac \uc0c1\ud488\uc774 \ub2e4\uc2dc \ud22c\uc790\uc790 \uad00\uc2ec\uc744 \ubc1b\uace0 \uc788\uc73c\ub098, CER \uc5f0\ub3d9 \ucc44\uad8c\uc740 \uc5ec\uc804\ud788 \ub354 \ub192\uc740 \ud504\ub9ac\ubbf8\uc5c4\uc744 \uc81c\uacf5\ud558\uace0 \uc788\ub2e4\ub294 \ud3c9\uac00\uc785\ub2c8\ub2e4.
          \uc774\uc640\uad00\ub828 R\u00edo Negro \uc9c0\ub294, \ud5a5\ud6c4 12\uac1c\uc6d4 \uc778\ud50c\ub808\uc774\uc158 \uc804\ub9dd\uc740 \uc57d 25% \uc218\uc900\uc73c\ub85c \uc608\uc0c1\ud588\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n
            \n
          1. \ud558\ubc18\uae30 \ud658\uc728 \uc555\ub825 \uac00\ub2a5\uc131
            \ud604\uc7ac \uacf5\uc2dd \ub2ec\ub7ec \ud658\uc728\uc740 1,400\ud398\uc18c \uc774\ud558\uc5d0\uc11c \uc548\uc815\ub418\uace0 \uc788\uc73c\ub098, \uc2dc\uc7a5\uc740 \ud558\ubc18\uae30 \ud658\uc728 \uc555\ub825\uc774 \ucee4\uc9c8 \uac00\ub2a5\uc131\uc744 \uacbd\uace0\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.
            \uc548\uc815 \uc694\uc778: \u2022 \uce90\ub9ac\ud2b8\ub808\uc774\ub4dc<\/li>\n<\/ol>\n\n\n\n
              \n
            • \uae30\uc5c5 \uc790\uae08 \uc870\ub2ec<\/li>\n\n\n\n
            • \ub18d\uc5c5 \ubd80\ubb38 \uc678\ud654 \uacf5\uae09
              \ud558\uc9c0\ub9cc \uc6b0\ub824 \uc694\uc778\ub3c4 \uc874\uc7ac\ud569\ub2c8\ub2e4.<\/li>\n\n\n\n
            • \uc911\uc559\uc740\ud589\uc758 \uad00\ub9ac\ud615 \ud3c9\uac00\uc808\ud558 \uc18d\ub3c4\uac00 \uc778\ud50c\ub808\uc774\uc158\ubcf4\ub2e4 \ub9e4\uc6b0 \ub290\ub9bc<\/li>\n\n\n\n
            • \uc911\ub3d9 \uc9c0\uc815\ud559 \ub9ac\uc2a4\ud06c \ud655\ub300<\/li>\n\n\n\n
            • \uad6d\uc81c \uc720\uac00 \uc0c1\uc2b9<\/li>\n\n\n\n
            • \uc120\uac70 \uc2dc\uc98c \uc811\uadfc\uc73c\ub85c \ub2ec\ub7ec \ud5e4\uc9c0 \uc218\uc694 \uc99d\uac00 \uac00\ub2a5\uc131
              \uc911\uc559\uc740\ud589\uc740 2026\ub144 \ub4e4\uc5b4 \uc57d 80\uc5b5 7,700\ub9cc \ub2ec\ub7ec\ub97c \uc21c\ub9e4\uc218\ud558\uba70 \uc678\ud658\ubcf4\uc720\uc561\uc744 460\uc5b5 2,400\ub9cc \ub2ec\ub7ec \uc218\uc900\uae4c\uc9c0 \ud655\ub300\ud588\uc9c0\ub9cc, \ub18d\uc5c5 \ubd80\ubb38\uc758 \uacc4\uc808\uc801 \ub2ec\ub7ec \uacf5\uae09\uc774 \uac10\uc18c\ud558\ub294 \uc2dc\uc810\ubd80\ud130 \ud658\uc728 \uc548\uc815\uc131\uc774 \uc2dc\ud5d8\ub300\uc5d0 \uc624\ub97c \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n
                \n
              1. \ubc14\uce74 \ubb34\uc5d0\ub974\ud0c0\uc640 RIGI \ud22c\uc790 \ud655\ub300
                \uc5d0\ub108\uc9c0 \uae30\uc5c5\ub4e4\uc758 \ub300\uaddc\ubaa8 \ud22c\uc790\uac00 \uacc4\uc18d \ud655\ub300\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4.
                \ucf5c\ub86c\ube44\uc544 \uae30\uc5c5 GeoPark\ub294 \ubc14\uce74 \ubb34\uc5d0\ub974\ud0c0 \uc2e0\uaddc \ud504\ub85c\uc81d\ud2b8\ub97c \uc704\ud574 RIGI(\ub300\uaddc\ubaa8 \ud22c\uc790 \uc778\uc13c\ud2f0\ube0c \uc81c\ub3c4) \ucc38\uc5ec\ub97c \uc2e0\uccad\ud588\uc2b5\ub2c8\ub2e4.
                \uc8fc\uc694 \ud22c\uc790 \uacc4\ud68d: \u2022 GeoPark: 10\uc5b5 \ub2ec\ub7ec \uc774\uc0c1<\/li>\n<\/ol>\n\n\n\n
                  \n
                • Pampa Energ\u00eda: 45\uc5b5 \ub2ec\ub7ec<\/li>\n\n\n\n
                • Tecpetrol: 24\uc5b5 \ub2ec\ub7ec<\/li>\n\n\n\n
                • Pluspetrol: 120\uc5b5 \ub2ec\ub7ec \uc774\uc0c1<\/li>\n\n\n\n
                • YPF: 250\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8 LLL Oil \ud504\ub85c\uc81d\ud2b8
                  \ud2b9\ud788 GeoPark\ub294 \ud604\uc7ac \ud558\ub8e8 1,500\ubc30\ub7f4 \uc0dd\uc0b0\ub7c9\uc744 \ud5a5\ud6c4 3\ub144 \ub0b4 2\ub9cc \ubc30\ub7f4\uae4c\uc9c0 \ud655\ub300\ud558\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.
                  \uc815\ubd80\uc758 RIGI(\ub300\uaddc\ubaa8\ud22c\uc790\uc778\uc13c\ud2f0\ube0c) \uc815\ucc45\uc774 \uc5d0\ub108\uc9c0 \ubd80\ubb38 \ud22c\uc790 \ud655\ub300\ub97c \ucd09\uc9c4\ud558\uace0 \uc788\ub2e4\ub294 \ud3c9\uac00\uc785\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n
                    \n
                  1. \uc911\ub3d9 \uae34\uc7a5\uacfc \uae00\ub85c\ubc8c \uc2dc\uc7a5 \ubd88\uc548
                    \ud398\ub974\uc2dc\uc544\ub9cc \uc9c0\uc5ed\uc758 \ub4dc\ub860 \uacf5\uaca9 \uc774\ud6c4 \uae00\ub85c\ubc8c \uae08\uc735\uc2dc\uc7a5\uc774 \ubd88\uc548\ud574\uc84c\uc2b5\ub2c8\ub2e4.
                    \uc601\ud5a5: \u2022 \ube0c\ub80c\ud2b8\uc720 1.16% \uc0c1\uc2b9<\/li>\n<\/ol>\n\n\n\n
                      \n
                    • WTI 1.3% \uc0c1\uc2b9<\/li>\n\n\n\n
                    • \uad6d\uc81c\uc720\uac00 \ubc30\ub7f4\ub2f9 110\ub2ec\ub7ec \ub3cc\ud30c
                      \ubbf8\uad6d \uc99d\uc2dc \uc120\ubb3c: \u2022 S&P500 -0.41%<\/li>\n\n\n\n
                    • \ub098\uc2a4\ub2e5 -0.36%<\/li>\n\n\n\n
                    • \ub2e4\uc6b0\uc874\uc2a4 -0.65%
                      \ud22c\uc790\uc790\ub4e4\uc740 Nvidia \uc2e4\uc801 \ubc1c\ud45c\ub3c4 \uc8fc\ubaa9\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.
                      \ub610\ud55c \ubbf8\uad6d\u00b7\uc77c\ubcf8\u00b7\ub3c5\uc77c \uad6d\ucc44 \uae08\ub9ac\uac00 \uc0c1\uc2b9\ud588\uace0, G7 \uad6d\uac00\ub4e4\uc740 \uc6d0\uc790\uc7ac \uacf5\uae09\ub9dd \uc548\uc815\uc744 \uc704\ud55c \uae34\uae09 \ud68c\uc758\ub97c \ucd94\uc9c4 \uc911\uc785\ub2c8\ub2e4.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                      \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":12732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-12731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/12731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12731"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/12731\/revisions"}],"predecessor-version":[{"id":12733,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/12731\/revisions\/12733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/12732"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}