{"id":12963,"date":"2026-06-03T18:11:45","date_gmt":"2026-06-03T21:11:45","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=12963"},"modified":"2026-06-04T17:18:26","modified_gmt":"2026-06-04T20:18:26","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c06%ec%9b%94-03%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=12963","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(06\uc6d4 03\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c

1. \uc911\uc559\uc740\ud589, \uc5f0\uac04 \ub2ec\ub7ec \ub9e4\uc785\uc561 100\uc5b5 \ub2ec\ub7ec \ub3cc\ud30c \uc9c1\uc8045\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9 \ub7a0\ub9ac \uc774\ud6c4 \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \ud604\uc9c0 \uc2dc\uc7a5\uacfc \uc6d4\uac00 \ubaa8\ub450\uc5d0\uc11c \ucc28\uc775\uc2e4\ud604 \ub9e4\ubb3c\uc774 \ucd9c\ud68c\ub418\uba70 \uc870\uc815\uc744 \ubc1b\uc558\ub2e4.\uc544\ub974\ud5e8\ud2f0\ub098 ADR\uc740 \ucd5c\ub300 6% \ud558\ub77d\ud588\uace0, \ub2ec\ub7ec \uae30\uc900 \uba54\ub974\ubc1c(Merval) \uc9c0\uc218\ub3c4 1.8% \ud558\ub77d\ud588\ub2e4.\ubc18\uba74 \uad6d\ucc44\ub294 \uc0c1\uc2b9\uc138\ub97c \uc720\uc9c0\ud588\ub2e4. \ud2b9\ud788 Global 2041 \ucc44\uad8c\uc774 \uc0c1\uc2b9\uc744 \uc8fc\ub3c4\ud558\uba74\uc11c \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 2bp \ud558\ub77d\ud55c 488bp\ub97c \uae30\ub85d\ud588\ub2e4.\uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uae08\uc735 \ub2ec\ub7ec \ud658\uc728\uc774 0.7% \uc0c1\uc2b9\ud588\ub2e4.
\u2022 CCL \ud658\uc728\uc740 1,502\ud398\uc18c, MEP \ud658\uc728\uc740 1,449\ud398\uc18c\uc5d0 \uac70\ub798\ub410\ub2e4.\uadf8\ub7fc\uc5d0\ub3c4 \uacf5\uc2dd \uc18c\ub9e4\ud658\uc728 \ub300\ube44 \ud658\uc728 \uaca9\ucc28\ub294 \ud06c\uac8c \ucd95\uc18c\ub3fc 4%\ub77c\ub294 \ub9e4\uc6b0 \ub0ae\uc740 \uc218\uc900\uc744 \uae30\ub85d\ud588\ub2e4.\uc774\ub0a0 \uac00\uc7a5 \uc8fc\ubaa9\ubc1b\uc740 \uc18c\uc2dd\uc740 \uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA)\uc774 1\uc5b57,500\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud55c \uac83\uc774\ub2e4.\uc774\ub85c \uc778\ud574 \ucd1d \uc678\ud658\ubcf4\uc720\uc561\uc740 484\uc5b52,700\ub9cc \ub2ec\ub7ec\ub85c \uc99d\uac00\ud588\ub2e4.\uc62c\ud574 1\uc6d4\ubd80\ud130 \uc2dc\ud589\ub41c \uc0c8\ub85c\uc6b4 \uacbd\uc81c \uc804\ub7b5 \uc774\ud6c4 \uc911\uc559\uc740\ud589\uc774 \ub9e4\uc785\ud55c \ub2ec\ub7ec\ub294 \ub204\uc801 99\uc5b58,600\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud558\uba70, 100\uc5b5 \ub2ec\ub7ec \ub3cc\ud30c\ub97c \ub208\uc55e\uc5d0 \ub450\uac8c \ub418\uc5c8\ub2e4.\ub610\ud55c \uc911\uc559\uc740\ud589\uc740 100 \uac70\ub798\uc77c \uc5f0\uc18d \uc21c\ub9e4\uc218\ub77c\ub294 \uc0c1\uc9d5\uc801\uc778 \uae30\ub85d \ub2ec\uc131\ub3c4 \ubaa9\uc804\uc5d0 \ub450\uace0 \uc788\ub2e4.

2. 2028\ub144\uae4c\uc9c0 \ub2e8\uacc4\uc801 \uc218\ucd9c\uc138 \uc778\ud558 \uacf5\uc2dd \ubc1c\ud45c\uc815\ubd80\ub294 \ub18d\ucd95\uc0b0\uc5c5 \ubd80\ubb38 \uc218\ucd9c\uc138 \uc778\ud558 \uacc4\ud68d\uc744 \uacf5\uc2dd \ubc1c\ud45c\ud588\ub2e4.\ub300\ud1b5\ub839\ub839 423\/2026\ud638\ub97c \ud1b5\ud574 \ub300\ub450, \uc625\uc218\uc218, \ubc00, \ud574\ubc14\ub77c\uae30 \ub4f1\uc5d0 \ub300\ud55c \ub2e8\uacc4\uc801 \uc138\uc728 \uc778\ud558 \uc81c\ub3c4\ub97c \ub3c4\uc785\ud588\ub2e4.\uc870\uce58\ub294 6\uc6d4 4\uc77c\ubd80\ud130 \uc2dc\ud589\ub41c\ub2e4.\ud2b9\ud788 \uaca8\uc6b8 \uc791\ubb3c\uc5d0 \ub300\ud574\uc11c\ub294 \uc989\uc2dc \uc801\uc6a9\ub41c\ub2e4.
\u2022 \ubc00: \uc218\ucd9c\uc138 5.5%\ub85c \uc778\ud558 \u2022 \ubcf4\ub9ac: \uc218\ucd9c\uc138 5.5%\ub85c \uc778\ud558\uc5ec\ub984 \uc791\ubb3c\uc740 \uc0dd\uc0b0 \uc8fc\uae30\uc5d0 \ub9de\ucdb0 \ub2e8\uacc4\uc801\uc73c\ub85c \uc138\uc728\uc774 \ub0ae\uc544\uc9c4\ub2e4.\uac00\uc7a5 \ud070 \ud61c\ud0dd\uc740 \ub300\ub450\uc5d0 \uc9d1\uc911\ub41c\ub2e4.
\u2022 \ub300\ub450 \uc218\ucd9c\uc138: \ud604\uc7ac 24% \u2192 2028\ub144 \ub9d0\uae4c\uc9c0 15%
\u2022 \uc625\uc218\uc218 \u2022 \uc218\uc218 \u2022 \ud574\ubc14\ub77c\uae30\uc5ed\uc2dc \uc810\uc9c4\uc801\uc778 \uc138\uc728 \uc778\ud558 \ud61c\ud0dd\uc744 \ubc1b\uac8c \ub41c\ub2e4.\uc77c\ubd80 \ud488\ubaa9\uc740 \uc0ac\uc2e4\uc0c1 \uc218\ucd9c\uc138\uac00 \ud3d0\uc9c0\ub41c\ub2e4.\ub300\ub450 \ubd80\uc0b0\ubb3c\uc744 \uc0ac\uc6a9\ud558\uc9c0 \uc54a\ub294 \ubc14\uc774\uc624\uc5f0\ub8cc\ub294 \uc218\ucd9c\uc138\uac00 \uc644\uc804\ud788 \uba74\uc81c\ub41c\ub2e4.\uae30\ud0c0 \ubc14\uc774\uc624\ub514\uc824 \uad00\ub828 \ud488\ubaa9\uc740 \ub2e8\uacc4\uc801\uc73c\ub85c 13%\uae4c\uc9c0 \uc778\ud558\ub41c\ub2e4.\ud574\ub2f9 \ubc95\uc548\uc740 \ud5a5\ud6c4 \uc758\ud68c\uc758 \ube44\uc900 \uc808\ucc28\ub97c \uac70\uce60 \uc608\uc815\uc774\ub2e4.

3. \uc815\ubd80, \u300c\uc7ac\uc815 \ubb34\uc8c4 \ubc95\uc548\u300d \uac1c\uc815\uc548 \uc758\ud68c \uc81c\ucd9c\ub8e8\uc774\uc2a4 \uce74\ud478\ud1a0 \uc7ac\ubb34\uc7a5\uad00\uc740 \u300c\uc7ac\uc815 \ubb34\uc8c4 \uc81c\ub3c4\u300d \uac1c\uc815 \ubc95\uc548\uc744 \uc758\ud68c\uc5d0 \uc81c\ucd9c\ud588\ub2e4\uace0 \ubc1c\ud45c\ud588\ub2e4.\uc774 \uc81c\ub3c4\uc758 \ubaa9\uc801\uc740 \ub2ec\ub7ec \uc800\ucd95 \uc790\uae08\uc744 \uacf5\uc2dd \uacbd\uc81c\ub85c \uc720\ub3c4\ud558\ub294 \uac83\uc774\ub2e4.\uc815\ubd80\ub294 \uc774\ub97c \ud1b5\ud574 \uacbd\uc81c\uc758 \uc591\uc131\ud654\ub97c \ucd09\uc9c4\ud558\uace0 \uc138\uae08 \ubd80\ub2f4\uc744 \ub192\uc774\uc9c0 \uc54a\uc73c\uba74\uc11c \uc7ac\uc815\ud751\uc790\ub97c \uc720\uc9c0\ud558\ub824 \ud55c\ub2e4.2025\ub144 2\uc6d4\ubd80\ud130 \uc2dc\ud589\ub41c \uae30\uc874 \uc81c\ub3c4\uc5d0 \ub2e4\uc74c\uacfc \uac19\uc740 \ub0b4\uc6a9\uc774 \ucd94\uac00\ub41c\ub2e4.
\u2022 \ubc95\uc801 \uc548\uc815\uc131 \uac15\ud654 \u2022 \uc790\uc0b0 \ud55c\ub3c4 \uaddc\uc815 \uac1c\uc120\uc815\ubd80\ub294 \ub610\ud55c ARCA\uc640 \ud611\ub825\ud558\uc5ec \u300c\uac04\uc774 \uc18c\ub4dd\uc138 \uc81c\ub3c4(R\u00e9gimen Simplificado de Ganancias)\u300d \uc2e0\uccad \uae30\ud55c\uc744 7\uc6d4 \ub9d0\uae4c\uc9c0 \uc5f0\uc7a5\ud588\ub2e4.\uad81\uadf9\uc801\uc778 \ubaa9\ud45c\ub294 \ube44\uacf5\uc2dd \ub2ec\ub7ec \uc790\uae08\uc744 \uc0dd\uc0b0 \ud22c\uc790\ub85c \uc804\ud658\ud558\ub294 \uac83\uc774\ub2e4.\uc815\ubd80\ub294 \uc6b0\ub8e8\uacfc\uc774\uc640 \uc720\uc0ac\ud55c \uc774\uc911\ud1b5\ud654 \uccb4\uc81c\ub97c \uc9c0\ud5a5\ud558\uace0 \uc788\ub2e4.\uc774 \uccb4\uc81c\uc5d0\uc11c\ub294
\u2022 \uc77c\uc0c1 \uac70\ub798 \u2192 \ud398\uc18c \uc0ac\uc6a9 \u2022 \ub300\uaddc\ubaa8 \uac70\ub798 \u2192 \ub2ec\ub7ec \uc0ac\uc6a9\uce74\ud478\ud1a0 \uc7a5\uad00\uc740 \uc138\uae08 \uc778\ud558 \uc815\ucc45\uc774 \uacc4\uc18d \uc720\uc9c0\ub420 \uac83\uc774\ub77c\uace0 \uc7ac\ud655\uc778\ud588\uc73c\uba70, \uc778\ud50c\ub808\uc774\uc158 \ud558\ub77d \ucd94\uc138\ub3c4 \uae0d\uc815\uc801\uc73c\ub85c \ud3c9\uac00\ud588\ub2e4.

4. \uc911\uc559\uc740\ud589, \ub2ec\ub7ec \uc120\ubb3c \ud3ec\uc9c0\uc158 \uccad\uc0b0 \ubc0f \uc8fc\uc694 \ud1b5\ud654\uc2a4\uc640\ud504 \ubcf5\uc6d0\uc911\uc559\uc740\ud589 \ubd80\ucd1d\uc7ac \ube14\ub77c\ub514\ubbf8\ub974 \ubca0\ub974\ub2dd\uc740 \uc911\uc559\uc740\ud589\uc774 \uc678\ud658 \uc120\ubb3c\uc2dc\uc7a5\uc758 \ub300\ubd80\ubd84 \ud3ec\uc9c0\uc158\uc744 \uc815\ub9ac\ud588\ub2e4\uace0 \ubc1d\ud614\ub2e4.\uadf8\ub294 \uc774\ubc88 \uc870\uce58\uac00 \uc785\ubc95\uc120\uac70 \uc774\uc804\uc5d0 \uc2e4\uc2dc\ud588\ub358 \ubc29\uc5b4\uc801 \uc815\ucc45\uc744 \ud574\uccb4\ud558\ub294 \uacfc\uc815\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.\ub610\ud55c \ubbf8\uad6d \ubc0f \uc911\uad6d\uacfc \uccb4\uacb0\ub41c \ud1b5\ud654\uc2a4\uc640\ud504\uac00 \uc62c\ud574 \uc911\ubc18\ubd80\ud130 \uc804\uba74 \ud65c\uc6a9 \uac00\ub2a5\ud574\uc9c8 \uac83\uc774\ub77c\uace0 \ubc1d\ud614\ub2e4.\ubca0\ub974\ub2dd\uc740 \ub2e4\uc74c\uacfc \uac19\uc740 \uacbd\uc81c \uc9c0\ud45c\ub97c \uac15\uc870\ud588\ub2e4.
\u2022 \uacbd\uc81c\uc131\uc7a5\ub960 4.5% \u2022 \ubb34\uc5ed\uc218\uc9c0 \ud751\uc790 \uc720\uc9c0 \u2022 \uc218\ucd9c \uc0ac\uc0c1 \ucd5c\uace0 \uc218\uc900\uadf8\ub294 \uc911\uc559\uc740\ud589\uc758 \uc7ac\ubb34\uad6c\uc870 \uc815\uc0c1\ud654\ub85c \uc778\ud574 \uc9c0\ub09c 20\ub144\uac04 \uac00\uc7a5 \uc6b0\uc218\ud55c \uc7ac\ubb34\uc81c\ud45c\ub97c \uae30\ub85d\ud588\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4.\uc774\uc5d0 \ub530\ub77c \uc911\uc559\uc740\ud589\uc740 \uc2e4\uc81c \uc774\uc775\uc744 \uad6d\uace0\uc5d0 \ubc30\ub2f9\ud560 \uc218 \uc788\uac8c \ub418\uc5c8\ub2e4\uace0 \uc124\uba85\ud588\ub2e4.\ud638\ub974\ubb34\uc988 \ud574\ud611 \uae34\uc7a5\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc7ac\uc815\uac74\uc804\uc131\uc774 \uad6d\ub0b4 \uacbd\uc81c \uc548\uc815\uc744 \uc720\uc9c0\uc2dc\ud0a4\uace0 \uc788\ub2e4\uace0 \uc8fc\uc7a5\ud588\ub2e4.\ub610\ud55c \uc18c\ube44\uc640 \ud22c\uc790 \ud655\ub300\uac00 \uacbd\uc81c\ud65c\ub3d9\uc744 \ub354\uc6b1 \uac15\ud654\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.\ub9c8\uc9c0\ub9c9\uc73c\ub85c \uae30\uc5c5 \ubc30\ub2f9\uae08 \uc1a1\uae08 \uaddc\uc81c\ub97c \ucd94\uac00 \uc644\ud654\ud560 \uacc4\ud68d\uc774\uba70, \ud5a5\ud6c4 \ud398\uc18c \uacf5\uae09 \ubd80\uc871 \ud604\uc0c1\uc774 \ub098\ud0c0\ub0a0 \uac00\ub2a5\uc131\ub3c4 \uc5b8\uae09\ud588\ub2e4.

5. YPF \uad00\ub828 \uc911\ub300\ud55c \ud310\uacb0: \ub274\uc695 \ubc95\uc6d0, \ud5e4\uc9c0\ud380\ub4dc \uce21 \uc0c1\uace0 \uae30\uac01\ub274\uc695 \uc81c2\uc21c\ud68c\ud56d\uc18c\ubc95\uc6d0\uc740 YPF \uad6d\uc720\ud654 \uc0ac\uac74\uc5d0\uc11c \uc6d0\uace0 \uce21\uc774 \uc81c\uae30\ud55c \uc804\uc6d0\ud569\uc758\uccb4 \uc7ac\uc2ec \uc694\uccad\uc744 \uae30\uac01\ud588\ub2e4.\uc774\ub294 Petersen Fund\uc640 Eton Park\uac00 \uc544\ub974\ud5e8\ud2f0\ub098 \uc815\ubd80\ub97c \uc0c1\ub300\ub85c \uc81c\uae30\ud55c \ud56d\uc18c\ub97c \ubc1b\uc544\ub4e4\uc774\uc9c0 \uc54a\uc740 \uac83\uc774\ub2e4.\uad6d\uac00\ubcc0\ud638\uc778\ub2e8\uc740 \uc774\ubc88 \uacb0\uc815\uc774 \uc815\ubd80 \ubc95\ub960 \uc804\ub7b5\uc758 \uc815\ub2f9\uc131\uc744 \uc7ac\ud655\uc778\ud55c \uac83\uc774\ub77c\uace0 \ud3c9\uac00\ud588\ub2e4.\uc774\ubc88 \uacb0\uc815\uc740 \uc62c\ud574 3\uc6d4 \uac19\uc740 \ubc95\uc6d0\uc774 \ud558\uae09\uc2ec \ud310\uacb0\uc744 \ub4a4\uc9d1\uc5c8\ub358 \uacb0\uc815\uc744 \ub2e4\uc2dc \ud55c \ubc88 \ud655\uc778\ud55c \uac83\uc774\ub2e4.\uadf8 \uacb0\uacfc \uc544\ub974\ud5e8\ud2f0\ub098\ub294 161\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ubc30\uc0c1\uae08 \uc9c0\uae09 \uc704\ud5d8\uc5d0\uc11c \ubc97\uc5b4\ub098\uac8c \ub418\uc5c8\ub2e4.\ubc95\uc6d0\uc740 \ub610\ud55c YPF\uac00 2012\ub144 \uad6d\uc720\ud654 \uacfc\uc815\uc5d0 \ub300\ud55c \ubc95\uc801 \ucc45\uc784\uc774 \uc5c6\ub2e4\uace0 \uc7ac\ud655\uc778\ud588\ub2e4.\uc774 \ubd84\uc7c1\uc740 2015\ub144\uc5d0 \uc2dc\uc791\ub418\uc5c8\uc73c\uba70, 2023\ub144 \ub85c\ub808\ud0c0 \ud504\ub808\uc2a4\uce74 \ud310\uc0ac\uac00 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0 \ubd88\ub9ac\ud55c \ud310\uacb0\uc744 \ub0b4\ub9ac\uba74\uc11c \uc815\uc810\uc5d0 \ub2ec\ud588\uc5c8\ub2e4.

6. Vaca Muerta \ud22c\uc790 \uc2e0\uae30\ub85d: Chevron, RIGI \ud1b5\ud574 138\uc5b5 \ub2ec\ub7ec \ud22c\uc790\uc250\ube0c\ub860\uc740 \ub300\uaddc\ubaa8 \ud22c\uc790 \uc778\uc13c\ud2f0\ube0c \uc81c\ub3c4(RIGI)\uc5d0 \uacf5\uc2dd \ucc38\uc5ec \uc2e0\uccad\uc744 \uc81c\ucd9c\ud588\ub2e4.\ub300\uc0c1 \ud504\ub85c\uc81d\ud2b8\ub294 \ub124\uc6b0\ucf04\uc8fc\uc758 \uc5d8 \ud2b8\ub77c\ud53c\uc54c(El Trapial) \uc720\uc804\uc774\ub2e4.\ucd1d \ud22c\uc790 \uaddc\ubaa8\ub294 138\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud55c\ub2e4.\uc774\ub294 \ud604\uc7ac\uae4c\uc9c0 RIGI \uccb4\uc81c\ud558\uc5d0\uc11c \ubbfc\uac04 \uae30\uc5c5\uc774 \ucd94\uc9c4\ud55c \ucd5c\ub300 \uaddc\ubaa8 \ud22c\uc790\ub2e4.\uc720\uc77c\ud558\uac8c \ub354 \ud070 \uacc4\ud68d\uc740 YPF\uc758 \uc804\uccb4 \ud22c\uc790 \ud504\ub85c\uadf8\ub7a8\ubfd0\uc774\ub2e4.\uc774\ubc88 \ud504\ub85c\uc81d\ud2b8\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uc170\uc77c\uc624\uc77c \uc0b0\uc5c5\uc5d0 \ub300\ud55c \uad6d\uc81c \ud22c\uc790\uc790\ub4e4\uc758 \uc2e0\ub8b0\ub97c \ub2e4\uc2dc \ubcf4\uc5ec\uc8fc\ub294 \uc0ac\ub840\ub85c \ud3c9\uac00\ub41c\ub2e4.\uc250\ube0c\ub860\uc740 1999\ub144 San Jorge \uc778\uc218\ub97c \ud1b5\ud574 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0 \uc9c4\ucd9c\ud588\ub2e4.\uc774\ud6c4 2013\ub144 YPF\uc640 \uacf5\ub3d9\uc73c\ub85c \uac1c\ubc1c\ud55c Loma Campana \ud504\ub85c\uc81d\ud2b8\uac00 \ubc14\uce74 \ubb34\uc5d0\ub974\ud0c0 \uac1c\ubc1c\uc758 \uc804\ud658\uc810\uc774 \ub418\uc5c8\ub2e4.\ud604\uc7ac \ud574\ub2f9 \uc720\uc804\uc740 \ud558\ub8e8 \uc57d 10\ub9cc \ubc30\ub7f4\uc744 \uc0dd\uc0b0\ud558\uace0 \uc788\ub2e4.\uc0c8 \ud22c\uc790 \ub300\uc0c1\uc778 El Trapial\uc740 \ud604\uc7ac \ud558\ub8e8 \uc57d 7,000\ubc30\ub7f4\uc744 \uc0dd\uc0b0\ud558\uace0 \uc788\uc73c\uba70 \ud5a5\ud6c4 \ub300\uaddc\ubaa8 \ud655\uc7a5\uc774 \uacc4\ud68d\ub418\uc5b4 \uc788\ub2e4.

7. \uc911\ub3d9 \uae34\uc7a5 \uace0\uc870\ub85c \uad6d\uc81c\uc720\uac00 100\ub2ec\ub7ec \uc811\uadfc\ubbf8\uad6d\uacfc \uc774\ub780 \uac04 \ud3c9\ud654\ud611\uc0c1\uc774 \uad50\ucc29 \uc0c1\ud0dc\uc5d0 \ube60\uc9c0\uba74\uc11c \uad6d\uc81c\uc720\uac00\uac00 3\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9\ud588\ub2e4.\ucfe0\uc6e8\uc774\ud2b8 \uacf5\ud56d\uc5d0 \ub300\ud55c \ubbf8\uc0ac\uc77c \uacf5\uaca9\uacfc \ud638\ub974\ubb34\uc988 \ud574\ud611 \uc778\uadfc\uc5d0\uc11c\uc758 \ubbf8\uad6d \uad70\uc0ac \ub300\uc751\uc774 \uae34\uc7a5\uc744 \ud06c\uac8c \ub192\uc600\ub2e4.OECD\ub294 \uc774\ubc88 \uc0ac\ud0dc\uac00 \uc138\uacc4 \uacbd\uc81c \uc131\uc7a5 \ub454\ud654\uc640 \ub0b4\ub144 \uc778\ud50c\ub808\uc774\uc158 \uc7ac\uc0c1\uc2b9 \uc704\ud5d8\uc744 \ud0a4\uc6b8 \uc218 \uc788\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4.\uc2dc\uc7a5\uc5d0\uc11c\ub294
\u2022 \ube0c\ub80c\ud2b8\uc720: +2.17% \u2192 \ubc30\ub7f4\ub2f9 98.07\ub2ec\ub7ec \u2022 WTI: +2.1% \u2192 \ubc30\ub7f4\ub2f9 95.7\ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4.\uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc740 \uae08\uc735\uc2dc\uc7a5\uc5d0\ub3c4 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4.
\u2022 \uc720\ub7fd \uc99d\uc2dc \uc804\ubc18 \ud558\ub77d \u2022 \uc6d4\uac00 \ubcc0\ub3d9\uc131 \ud655\ub300 \u2022 \ubbf8\uad6d \uad6d\ucc44 \uc218\uc775\ub960 \uc0c1\uc2b9\uc774 \ub098\ud0c0\ub0ac\ub2e4.

\uc885\ud569\uc801\uc73c\ub85c \ubcf4\uba74, \uc774\ubc88 \ub274\uc2a4\uc758 \ud575\uc2ec\uc740\u2460 BCRA\uc758 \ub2ec\ub7ec \ub9e4\uc785 \ub204\uc801\uc561\uc774 100\uc5b5 \ub2ec\ub7ec \ub3cc\ud30c \uc9c1\uc804\uc774\ub77c\ub294 \uc810 \u2461 \uc218\ucd9c\uc138 \uc778\ud558\uac00 2028\ub144\uae4c\uc9c0 \uc81c\ub3c4\ud654\ub418\uc5c8\ub2e4\ub294 \uc810 \u2462 Chevron\uc758 138\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8 Vaca Muerta \ud22c\uc790\uac00 \ud655\uc815 \ub2e8\uacc4\uc5d0 \ub4e4\uc5b4\uac14\ub2e4\ub294 \uc810 \u2463 \uc911\ub3d9 \uae34\uc7a5\uc73c\ub85c \uc720\uac00\uac00 100\ub2ec\ub7ec\uc5d0 \uadfc\uc811\ud558\uace0 \uc788\ub2e4\ub294 \uc810\uc785\ub2c8\ub2e4. \uc774\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uc785\uc7a5\uc5d0\uc11c\ub294 \uc678\ud658\ubcf4\uc720\uace0, \uc5d0\ub108\uc9c0 \ud22c\uc790, \uc218\ucd9c \ud655\ub300 \uce21\uba74\uc5d0\uc11c \uae0d\uc815\uc801\uc774\uc9c0\ub9cc, \uad6d\uc81c\uc720\uac00 \uae09\ub4f1\uc740 \uc778\ud50c\ub808\uc774\uc158\uacfc \uae00\ub85c\ubc8c \uacbd\uae30 \ub454\ud654 \uc704\ud5d8\uc744 \ub3d9\uc2dc\uc5d0 \ub192\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\uc624\ub298\uc758 \uacbd\uc81c 1. \uc911\uc559\uc740\ud589, \uc5f0\uac04 \ub2ec\ub7ec \ub9e4\uc785\uc561 100\uc5b5 \ub2ec\ub7ec \ub3cc\ud30c \uc9c1\uc8045\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9 \ub7a0\ub9ac \uc774\ud6c4 \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \ud604\uc9c0 \uc2dc\uc7a5\uacfc \uc6d4\uac00 \ubaa8\ub450\uc5d0\uc11c \ucc28\uc775\uc2e4\ud604 \ub9e4\ubb3c\uc774 \ucd9c\ud68c\ub418\uba70 \uc870\uc815\uc744 \ubc1b\uc558\ub2e4.\uc544\ub974\ud5e8\ud2f0\ub098 ADR\uc740 \ucd5c\ub300 6% \ud558\ub77d\ud588\uace0, \ub2ec\ub7ec \uae30\uc900 \uba54\ub974\ubc1c(Merval) \uc9c0\uc218\ub3c4 1.8% \ud558\ub77d\ud588\ub2e4.\ubc18\uba74 \uad6d\ucc44\ub294 \uc0c1\uc2b9\uc138\ub97c \uc720\uc9c0\ud588\ub2e4. \ud2b9\ud788 Global 2041 \ucc44\uad8c\uc774 \uc0c1\uc2b9\uc744 \uc8fc\ub3c4\ud558\uba74\uc11c \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 2bp \ud558\ub77d\ud55c 488bp\ub97c \uae30\ub85d\ud588\ub2e4.\uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uae08\uc735 \ub2ec\ub7ec \ud658\uc728\uc774 0.7% \uc0c1\uc2b9\ud588\ub2e4.\u2022 CCL \ud658\uc728\uc740 1,502\ud398\uc18c, MEP \ud658\uc728\uc740 1,449\ud398\uc18c\uc5d0 \uac70\ub798\ub410\ub2e4.\uadf8\ub7fc\uc5d0\ub3c4 \uacf5\uc2dd \uc18c\ub9e4\ud658\uc728 \ub300\ube44 \ud658\uc728 \uaca9\ucc28\ub294 \ud06c\uac8c \ucd95\uc18c\ub3fc 4%\ub77c\ub294 \ub9e4\uc6b0 \ub0ae\uc740 \uc218\uc900\uc744 \uae30\ub85d\ud588\ub2e4.\uc774\ub0a0 \uac00\uc7a5 \uc8fc\ubaa9\ubc1b\uc740 \uc18c\uc2dd\uc740 \uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA)\uc774 1\uc5b57,500\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud55c \uac83\uc774\ub2e4.\uc774\ub85c \uc778\ud574 \ucd1d \uc678\ud658\ubcf4\uc720\uc561\uc740 484\uc5b52,700\ub9cc \ub2ec\ub7ec\ub85c \uc99d\uac00\ud588\ub2e4.\uc62c\ud574 1\uc6d4\ubd80\ud130 \uc2dc\ud589\ub41c \uc0c8\ub85c\uc6b4 \uacbd\uc81c \uc804\ub7b5 \uc774\ud6c4 \uc911\uc559\uc740\ud589\uc774 \ub9e4\uc785\ud55c \ub2ec\ub7ec\ub294 \ub204\uc801 99\uc5b58,600\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud558\uba70, 100\uc5b5 \ub2ec\ub7ec \ub3cc\ud30c\ub97c \ub208\uc55e\uc5d0 \ub450\uac8c \ub418\uc5c8\ub2e4.\ub610\ud55c \uc911\uc559\uc740\ud589\uc740 100 \uac70\ub798\uc77c \uc5f0\uc18d \uc21c\ub9e4\uc218\ub77c\ub294 \uc0c1\uc9d5\uc801\uc778 \uae30\ub85d \ub2ec\uc131\ub3c4 \ubaa9\uc804\uc5d0 \ub450\uace0 \uc788\ub2e4. 2. 2028\ub144\uae4c\uc9c0 \ub2e8\uacc4\uc801 \uc218\ucd9c\uc138 \uc778\ud558 \uacf5\uc2dd \ubc1c\ud45c\uc815\ubd80\ub294 \ub18d\ucd95\uc0b0\uc5c5 \ubd80\ubb38 \uc218\ucd9c\uc138 \uc778\ud558 \uacc4\ud68d\uc744 \uacf5\uc2dd \ubc1c\ud45c\ud588\ub2e4.\ub300\ud1b5\ub839\ub839 423\/2026\ud638\ub97c \ud1b5\ud574 \ub300\ub450, \uc625\uc218\uc218, \ubc00, \ud574\ubc14\ub77c\uae30 \ub4f1\uc5d0 \ub300\ud55c \ub2e8\uacc4\uc801 \uc138\uc728 \uc778\ud558 \uc81c\ub3c4\ub97c \ub3c4\uc785\ud588\ub2e4.\uc870\uce58\ub294 6\uc6d4 4\uc77c\ubd80\ud130 \uc2dc\ud589\ub41c\ub2e4.\ud2b9\ud788 \uaca8\uc6b8 \uc791\ubb3c\uc5d0 \ub300\ud574\uc11c\ub294 \uc989\uc2dc \uc801\uc6a9\ub41c\ub2e4.\u2022 \ubc00: \uc218\ucd9c\uc138 5.5%\ub85c \uc778\ud558 \u2022 \ubcf4\ub9ac: \uc218\ucd9c\uc138 5.5%\ub85c \uc778\ud558\uc5ec\ub984 \uc791\ubb3c\uc740 \uc0dd\uc0b0 \uc8fc\uae30\uc5d0 \ub9de\ucdb0 \ub2e8\uacc4\uc801\uc73c\ub85c \uc138\uc728\uc774 \ub0ae\uc544\uc9c4\ub2e4.\uac00\uc7a5 \ud070 \ud61c\ud0dd\uc740 \ub300\ub450\uc5d0 \uc9d1\uc911\ub41c\ub2e4.\u2022 \ub300\ub450 \uc218\ucd9c\uc138: \ud604\uc7ac 24% \u2192 2028\ub144 \ub9d0\uae4c\uc9c0 15%\u2022 \uc625\uc218\uc218 \u2022 \uc218\uc218 \u2022 \ud574\ubc14\ub77c\uae30\uc5ed\uc2dc \uc810\uc9c4\uc801\uc778 \uc138\uc728 \uc778\ud558 \ud61c\ud0dd\uc744 \ubc1b\uac8c \ub41c\ub2e4.\uc77c\ubd80 \ud488\ubaa9\uc740 \uc0ac\uc2e4\uc0c1 \uc218\ucd9c\uc138\uac00 \ud3d0\uc9c0\ub41c\ub2e4.\ub300\ub450 \ubd80\uc0b0\ubb3c\uc744 \uc0ac\uc6a9\ud558\uc9c0 \uc54a\ub294 \ubc14\uc774\uc624\uc5f0\ub8cc\ub294 \uc218\ucd9c\uc138\uac00 \uc644\uc804\ud788 \uba74\uc81c\ub41c\ub2e4.\uae30\ud0c0 \ubc14\uc774\uc624\ub514\uc824 \uad00\ub828 \ud488\ubaa9\uc740 \ub2e8\uacc4\uc801\uc73c\ub85c 13%\uae4c\uc9c0 \uc778\ud558\ub41c\ub2e4.\ud574\ub2f9 \ubc95\uc548\uc740 \ud5a5\ud6c4 \uc758\ud68c\uc758 \ube44\uc900 \uc808\ucc28\ub97c \uac70\uce60 \uc608\uc815\uc774\ub2e4. 3. \uc815\ubd80, \u300c\uc7ac\uc815 \ubb34\uc8c4 \ubc95\uc548\u300d \uac1c\uc815\uc548 \uc758\ud68c \uc81c\ucd9c\ub8e8\uc774\uc2a4 \uce74\ud478\ud1a0 \uc7ac\ubb34\uc7a5\uad00\uc740 \u300c\uc7ac\uc815 \ubb34\uc8c4 \uc81c\ub3c4\u300d \uac1c\uc815 \ubc95\uc548\uc744 \uc758\ud68c\uc5d0 \uc81c\ucd9c\ud588\ub2e4\uace0 \ubc1c\ud45c\ud588\ub2e4.\uc774 \uc81c\ub3c4\uc758 \ubaa9\uc801\uc740 \ub2ec\ub7ec \uc800\ucd95 \uc790\uae08\uc744 \uacf5\uc2dd \uacbd\uc81c\ub85c \uc720\ub3c4\ud558\ub294 \uac83\uc774\ub2e4.\uc815\ubd80\ub294 \uc774\ub97c \ud1b5\ud574 \uacbd\uc81c\uc758 \uc591\uc131\ud654\ub97c \ucd09\uc9c4\ud558\uace0 \uc138\uae08 \ubd80\ub2f4\uc744 \ub192\uc774\uc9c0 \uc54a\uc73c\uba74\uc11c \uc7ac\uc815\ud751\uc790\ub97c \uc720\uc9c0\ud558\ub824 \ud55c\ub2e4.2025\ub144 2\uc6d4\ubd80\ud130 \uc2dc\ud589\ub41c \uae30\uc874 \uc81c\ub3c4\uc5d0 \ub2e4\uc74c\uacfc \uac19\uc740 \ub0b4\uc6a9\uc774 \ucd94\uac00\ub41c\ub2e4.\u2022 \ubc95\uc801 \uc548\uc815\uc131 \uac15\ud654 \u2022 \uc790\uc0b0 \ud55c\ub3c4 \uaddc\uc815 \uac1c\uc120\uc815\ubd80\ub294 \ub610\ud55c ARCA\uc640 \ud611\ub825\ud558\uc5ec \u300c\uac04\uc774 \uc18c\ub4dd\uc138 \uc81c\ub3c4(R\u00e9gimen Simplificado de Ganancias)\u300d \uc2e0\uccad \uae30\ud55c\uc744 7\uc6d4 \ub9d0\uae4c\uc9c0 \uc5f0\uc7a5\ud588\ub2e4.\uad81\uadf9\uc801\uc778 \ubaa9\ud45c\ub294 \ube44\uacf5\uc2dd \ub2ec\ub7ec \uc790\uae08\uc744 \uc0dd\uc0b0 \ud22c\uc790\ub85c \uc804\ud658\ud558\ub294 \uac83\uc774\ub2e4.\uc815\ubd80\ub294 \uc6b0\ub8e8\uacfc\uc774\uc640 \uc720\uc0ac\ud55c \uc774\uc911\ud1b5\ud654 \uccb4\uc81c\ub97c \uc9c0\ud5a5\ud558\uace0 \uc788\ub2e4.\uc774 \uccb4\uc81c\uc5d0\uc11c\ub294\u2022 \uc77c\uc0c1 \uac70\ub798 \u2192 \ud398\uc18c \uc0ac\uc6a9 \u2022 \ub300\uaddc\ubaa8 \uac70\ub798 \u2192 \ub2ec\ub7ec \uc0ac\uc6a9\uce74\ud478\ud1a0 \uc7a5\uad00\uc740 \uc138\uae08 \uc778\ud558 \uc815\ucc45\uc774 \uacc4\uc18d \uc720\uc9c0\ub420 \uac83\uc774\ub77c\uace0 \uc7ac\ud655\uc778\ud588\uc73c\uba70, \uc778\ud50c\ub808\uc774\uc158 \ud558\ub77d \ucd94\uc138\ub3c4 \uae0d\uc815\uc801\uc73c\ub85c \ud3c9\uac00\ud588\ub2e4. 4. \uc911\uc559\uc740\ud589, \ub2ec\ub7ec \uc120\ubb3c \ud3ec\uc9c0\uc158 \uccad\uc0b0 \ubc0f \uc8fc\uc694 \ud1b5\ud654\uc2a4\uc640\ud504 \ubcf5\uc6d0\uc911\uc559\uc740\ud589 \ubd80\ucd1d\uc7ac \ube14\ub77c\ub514\ubbf8\ub974 \ubca0\ub974\ub2dd\uc740 \uc911\uc559\uc740\ud589\uc774 \uc678\ud658 \uc120\ubb3c\uc2dc\uc7a5\uc758 \ub300\ubd80\ubd84 \ud3ec\uc9c0\uc158\uc744 \uc815\ub9ac\ud588\ub2e4\uace0 \ubc1d\ud614\ub2e4.\uadf8\ub294 \uc774\ubc88 \uc870\uce58\uac00 \uc785\ubc95\uc120\uac70 \uc774\uc804\uc5d0 \uc2e4\uc2dc\ud588\ub358 \ubc29\uc5b4\uc801 \uc815\ucc45\uc744 \ud574\uccb4\ud558\ub294 \uacfc\uc815\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.\ub610\ud55c \ubbf8\uad6d \ubc0f \uc911\uad6d\uacfc \uccb4\uacb0\ub41c \ud1b5\ud654\uc2a4\uc640\ud504\uac00 \uc62c\ud574 \uc911\ubc18\ubd80\ud130 \uc804\uba74 \ud65c\uc6a9 \uac00\ub2a5\ud574\uc9c8 \uac83\uc774\ub77c\uace0 \ubc1d\ud614\ub2e4.\ubca0\ub974\ub2dd\uc740 \ub2e4\uc74c\uacfc \uac19\uc740 \uacbd\uc81c \uc9c0\ud45c\ub97c \uac15\uc870\ud588\ub2e4.\u2022 \uacbd\uc81c\uc131\uc7a5\ub960 4.5% \u2022 \ubb34\uc5ed\uc218\uc9c0 \ud751\uc790 \uc720\uc9c0 \u2022 \uc218\ucd9c \uc0ac\uc0c1 \ucd5c\uace0 \uc218\uc900\uadf8\ub294 \uc911\uc559\uc740\ud589\uc758 \uc7ac\ubb34\uad6c\uc870 \uc815\uc0c1\ud654\ub85c \uc778\ud574 \uc9c0\ub09c 20\ub144\uac04 \uac00\uc7a5 \uc6b0\uc218\ud55c \uc7ac\ubb34\uc81c\ud45c\ub97c \uae30\ub85d\ud588\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4.\uc774\uc5d0 \ub530\ub77c \uc911\uc559\uc740\ud589\uc740 \uc2e4\uc81c \uc774\uc775\uc744 \uad6d\uace0\uc5d0 \ubc30\ub2f9\ud560 \uc218 \uc788\uac8c \ub418\uc5c8\ub2e4\uace0 \uc124\uba85\ud588\ub2e4.\ud638\ub974\ubb34\uc988 \ud574\ud611 \uae34\uc7a5\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc7ac\uc815\uac74\uc804\uc131\uc774 \uad6d\ub0b4 \uacbd\uc81c \uc548\uc815\uc744 \uc720\uc9c0\uc2dc\ud0a4\uace0 \uc788\ub2e4\uace0 \uc8fc\uc7a5\ud588\ub2e4.\ub610\ud55c \uc18c\ube44\uc640 \ud22c\uc790 \ud655\ub300\uac00 \uacbd\uc81c\ud65c\ub3d9\uc744 \ub354\uc6b1 \uac15\ud654\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.\ub9c8\uc9c0\ub9c9\uc73c\ub85c \uae30\uc5c5 \ubc30\ub2f9\uae08 \uc1a1\uae08 \uaddc\uc81c\ub97c \ucd94\uac00 \uc644\ud654\ud560 \uacc4\ud68d\uc774\uba70, \ud5a5\ud6c4 \ud398\uc18c \uacf5\uae09 \ubd80\uc871 \ud604\uc0c1\uc774 \ub098\ud0c0\ub0a0 \uac00\ub2a5\uc131\ub3c4 \uc5b8\uae09\ud588\ub2e4. 5. YPF \uad00\ub828 \uc911\ub300\ud55c \ud310\uacb0: \ub274\uc695 \ubc95\uc6d0, \ud5e4\uc9c0\ud380\ub4dc \uce21 \uc0c1\uace0 \uae30\uac01\ub274\uc695 \uc81c2\uc21c\ud68c\ud56d\uc18c\ubc95\uc6d0\uc740 YPF \uad6d\uc720\ud654 \uc0ac\uac74\uc5d0\uc11c \uc6d0\uace0 \uce21\uc774 \uc81c\uae30\ud55c \uc804\uc6d0\ud569\uc758\uccb4 \uc7ac\uc2ec \uc694\uccad\uc744 \uae30\uac01\ud588\ub2e4.\uc774\ub294 Petersen Fund\uc640 Eton Park\uac00 \uc544\ub974\ud5e8\ud2f0\ub098 \uc815\ubd80\ub97c \uc0c1\ub300\ub85c \uc81c\uae30\ud55c \ud56d\uc18c\ub97c \ubc1b\uc544\ub4e4\uc774\uc9c0 \uc54a\uc740 \uac83\uc774\ub2e4.\uad6d\uac00\ubcc0\ud638\uc778\ub2e8\uc740 \uc774\ubc88 \uacb0\uc815\uc774 \uc815\ubd80 \ubc95\ub960 \uc804\ub7b5\uc758 \uc815\ub2f9\uc131\uc744 \uc7ac\ud655\uc778\ud55c \uac83\uc774\ub77c\uace0 \ud3c9\uac00\ud588\ub2e4.\uc774\ubc88 \uacb0\uc815\uc740 \uc62c\ud574 3\uc6d4 \uac19\uc740 \ubc95\uc6d0\uc774 \ud558\uae09\uc2ec \ud310\uacb0\uc744 \ub4a4\uc9d1\uc5c8\ub358 \uacb0\uc815\uc744 \ub2e4\uc2dc \ud55c \ubc88 \ud655\uc778\ud55c \uac83\uc774\ub2e4.\uadf8 \uacb0\uacfc \uc544\ub974\ud5e8\ud2f0\ub098\ub294 161\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ubc30\uc0c1\uae08 \uc9c0\uae09 \uc704\ud5d8\uc5d0\uc11c \ubc97\uc5b4\ub098\uac8c \ub418\uc5c8\ub2e4.\ubc95\uc6d0\uc740 \ub610\ud55c YPF\uac00 2012\ub144 \uad6d\uc720\ud654 \uacfc\uc815\uc5d0 \ub300\ud55c \ubc95\uc801 \ucc45\uc784\uc774 \uc5c6\ub2e4\uace0 \uc7ac\ud655\uc778\ud588\ub2e4.\uc774 \ubd84\uc7c1\uc740 2015\ub144\uc5d0 \uc2dc\uc791\ub418\uc5c8\uc73c\uba70, 2023\ub144 \ub85c\ub808\ud0c0 \ud504\ub808\uc2a4\uce74 \ud310\uc0ac\uac00 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0 \ubd88\ub9ac\ud55c \ud310\uacb0\uc744 \ub0b4\ub9ac\uba74\uc11c \uc815\uc810\uc5d0 \ub2ec\ud588\uc5c8\ub2e4. 6. Vaca Muerta \ud22c\uc790 \uc2e0\uae30\ub85d: Chevron, RIGI \ud1b5\ud574 138\uc5b5 \ub2ec\ub7ec \ud22c\uc790\uc250\ube0c\ub860\uc740 \ub300\uaddc\ubaa8 \ud22c\uc790 \uc778\uc13c\ud2f0\ube0c \uc81c\ub3c4(RIGI)\uc5d0 \uacf5\uc2dd \ucc38\uc5ec \uc2e0\uccad\uc744 \uc81c\ucd9c\ud588\ub2e4.\ub300\uc0c1 \ud504\ub85c\uc81d\ud2b8\ub294 \ub124\uc6b0\ucf04\uc8fc\uc758 \uc5d8 \ud2b8\ub77c\ud53c\uc54c(El Trapial) \uc720\uc804\uc774\ub2e4.\ucd1d \ud22c\uc790 \uaddc\ubaa8\ub294 138\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud55c\ub2e4.\uc774\ub294 \ud604\uc7ac\uae4c\uc9c0 RIGI \uccb4\uc81c\ud558\uc5d0\uc11c \ubbfc\uac04 \uae30\uc5c5\uc774 \ucd94\uc9c4\ud55c \ucd5c\ub300 \uaddc\ubaa8 \ud22c\uc790\ub2e4.\uc720\uc77c\ud558\uac8c \ub354 \ud070 \uacc4\ud68d\uc740 YPF\uc758 \uc804\uccb4 \ud22c\uc790 \ud504\ub85c\uadf8\ub7a8\ubfd0\uc774\ub2e4.\uc774\ubc88 \ud504\ub85c\uc81d\ud2b8\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uc170\uc77c\uc624\uc77c \uc0b0\uc5c5\uc5d0 \ub300\ud55c \uad6d\uc81c \ud22c\uc790\uc790\ub4e4\uc758 \uc2e0\ub8b0\ub97c \ub2e4\uc2dc \ubcf4\uc5ec\uc8fc\ub294 \uc0ac\ub840\ub85c \ud3c9\uac00\ub41c\ub2e4.\uc250\ube0c\ub860\uc740 1999\ub144 San Jorge \uc778\uc218\ub97c \ud1b5\ud574 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0 \uc9c4\ucd9c\ud588\ub2e4.\uc774\ud6c4 2013\ub144 YPF\uc640 \uacf5\ub3d9\uc73c\ub85c \uac1c\ubc1c\ud55c Loma Campana \ud504\ub85c\uc81d\ud2b8\uac00 \ubc14\uce74 \ubb34\uc5d0\ub974\ud0c0 \uac1c\ubc1c\uc758 \uc804\ud658\uc810\uc774 \ub418\uc5c8\ub2e4.\ud604\uc7ac \ud574\ub2f9 \uc720\uc804\uc740 \ud558\ub8e8 \uc57d 10\ub9cc \ubc30\ub7f4\uc744 \uc0dd\uc0b0\ud558\uace0 \uc788\ub2e4.\uc0c8 \ud22c\uc790 \ub300\uc0c1\uc778 El Trapial\uc740 \ud604\uc7ac \ud558\ub8e8 \uc57d 7,000\ubc30\ub7f4\uc744 \uc0dd\uc0b0\ud558\uace0 \uc788\uc73c\uba70 \ud5a5\ud6c4 \ub300\uaddc\ubaa8 \ud655\uc7a5\uc774 \uacc4\ud68d\ub418\uc5b4 \uc788\ub2e4. 7. \uc911\ub3d9 \uae34\uc7a5 \uace0\uc870\ub85c \uad6d\uc81c\uc720\uac00 100\ub2ec\ub7ec \uc811\uadfc\ubbf8\uad6d\uacfc \uc774\ub780 \uac04 \ud3c9\ud654\ud611\uc0c1\uc774 \uad50\ucc29 \uc0c1\ud0dc\uc5d0 \ube60\uc9c0\uba74\uc11c \uad6d\uc81c\uc720\uac00\uac00 3\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9\ud588\ub2e4.\ucfe0\uc6e8\uc774\ud2b8 \uacf5\ud56d\uc5d0 \ub300\ud55c \ubbf8\uc0ac\uc77c \uacf5\uaca9\uacfc \ud638\ub974\ubb34\uc988 \ud574\ud611 \uc778\uadfc\uc5d0\uc11c\uc758 \ubbf8\uad6d \uad70\uc0ac \ub300\uc751\uc774 \uae34\uc7a5\uc744 \ud06c\uac8c \ub192\uc600\ub2e4.OECD\ub294 \uc774\ubc88 \uc0ac\ud0dc\uac00 \uc138\uacc4 \uacbd\uc81c \uc131\uc7a5 \ub454\ud654\uc640 \ub0b4\ub144 \uc778\ud50c\ub808\uc774\uc158 \uc7ac\uc0c1\uc2b9 \uc704\ud5d8\uc744 \ud0a4\uc6b8 \uc218 \uc788\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4.\uc2dc\uc7a5\uc5d0\uc11c\ub294\u2022 \ube0c\ub80c\ud2b8\uc720: +2.17% \u2192 \ubc30\ub7f4\ub2f9 98.07\ub2ec\ub7ec \u2022 WTI: +2.1% \u2192 \ubc30\ub7f4\ub2f9 95.7\ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4.\uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc740 \uae08\uc735\uc2dc\uc7a5\uc5d0\ub3c4 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4.\u2022 \uc720\ub7fd \uc99d\uc2dc \uc804\ubc18 \ud558\ub77d \u2022 \uc6d4\uac00 \ubcc0\ub3d9\uc131 \ud655\ub300 \u2022 \ubbf8\uad6d \uad6d\ucc44 \uc218\uc775\ub960 \uc0c1\uc2b9\uc774 \ub098\ud0c0\ub0ac\ub2e4. \uc885\ud569\uc801\uc73c\ub85c \ubcf4\uba74, \uc774\ubc88 \ub274\uc2a4\uc758 \ud575\uc2ec\uc740\u2460 BCRA\uc758 \ub2ec\ub7ec \ub9e4\uc785 \ub204\uc801\uc561\uc774 100\uc5b5 \ub2ec\ub7ec \ub3cc\ud30c \uc9c1\uc804\uc774\ub77c\ub294 \uc810 \u2461 \uc218\ucd9c\uc138 \uc778\ud558\uac00 2028\ub144\uae4c\uc9c0 \uc81c\ub3c4\ud654\ub418\uc5c8\ub2e4\ub294 \uc810 \u2462 Chevron\uc758 138\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8 Vaca Muerta \ud22c\uc790\uac00 \ud655\uc815 \ub2e8\uacc4\uc5d0 \ub4e4\uc5b4\uac14\ub2e4\ub294 \uc810 \u2463 \uc911\ub3d9 \uae34\uc7a5\uc73c\ub85c \uc720\uac00\uac00 100\ub2ec\ub7ec\uc5d0 \uadfc\uc811\ud558\uace0 \uc788\ub2e4\ub294 \uc810\uc785\ub2c8\ub2e4. \uc774\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uc785\uc7a5\uc5d0\uc11c\ub294 \uc678\ud658\ubcf4\uc720\uace0, \uc5d0\ub108\uc9c0 \ud22c\uc790, \uc218\ucd9c \ud655\ub300 \uce21\uba74\uc5d0\uc11c \uae0d\uc815\uc801\uc774\uc9c0\ub9cc, \uad6d\uc81c\uc720\uac00 \uae09\ub4f1\uc740 \uc778\ud50c\ub808\uc774\uc158\uacfc \uae00\ub85c\ubc8c \uacbd\uae30 \ub454\ud654 \uc704\ud5d8\uc744 \ub3d9\uc2dc\uc5d0 \ub192\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n","protected":false},"author":6,"featured_media":12965,"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-12963","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\/12963","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=12963"}],"version-history":[{"count":2,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/12963\/revisions"}],"predecessor-version":[{"id":12982,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/12963\/revisions\/12982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/12965"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}