Analysis of the Hydrocarbon Law 27,007 and the Hydrocarbon Policy for the Period 2003 to 2014

The present document, beyond representing only the author’s opinions on the subject and not committing the Bariloche Foundation, aims to analyze the hydrocarbon policies applied in Argentina in the period 2003–2014 and in particular Law 27,007. To do so, first a very brief look is taken at the previous historical periods, since a large part of what is happening in the present is influenced by the past, which it improves or worsens and almost never leaves as it was. Afterward, the regulations that supported the policy for 2003–2014 are analyzed, and then we will look at some essential aspects of this policy. We will continue with the analysis of Law 27,007 of Hydrocarbons of 2014, which reforms the mother law 17,319 of 1967. The following is a criticism, which we believe is constructive, of this law 27,007. In order not to remain in the criticism, some ideas are presented regarding the contents of a new Energy Policy, perhaps an old one, because it gathers the successes of a generation of Argentines, including Mosconi, Huergo, Scalabrini Ortiz, Illia, Silenzi de Stagni, Juan Sabato and others who showed us and followed a path, perhaps, for us to continue.