Foreign-owned energy companies operating in Argentina have resumed transferring dividends to their parent companies abroad, marking the first such outflows in nearly seven years.
The move follows the gradual dismantling of the country’s strict foreign-exchange controls, known as the 'cepo cambiario,' which had effectively trapped corporate profits within the domestic economy since 2019.
Three major firms in the sector confirmed to Infobae that they have restarted these payments.
Official data indicates that the energy segment has led the way in capital outflows in recent months, serving as a primary channel for foreign investors to access hard currency.
This development is a critical test of the new administration’s economic liberalization agenda, which aims to restore confidence among international stakeholders.
The resumption of dividend payments is significant for foreign investors who have faced severe liquidity constraints in Argentina for years.