IBOV 204,120.12 ▼ 1.15% IPSA 10,780.31 ▼ 1.88% IPC MEX 69,889.73 ▼ 0.51% MERVAL 3,017,221 — — COLCAP 2,528.42 ▼ 1.25% BVL PERÚ 59,561.23 ▼ 4.26% USD/BRL5.05▲ 0.56% USD/MXN18.70▼ 0.08% USD/CLP985.57▲ 0.39% USD/COP3,181▼ 0.49% USD/PEN3.43▼ 0.14% USD/ARS1,527▲ 0.08% USD/UYU40.09▲ 3.18% USD/PYG5,709▲ 2.85% USD/BOB11.70▲ 3.25% USD/DOP61.15▲ 2.59% USD/CRC453.45▲ 3.10% USD/GTQ7.64▲ 3.21% USD/HNL26.87▲ 3.36% USD/NIO36.62▲ 2.68% USD/VES884.01▲ 0.04% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.75▲ 2.63% EUR/BRL5.66▲ 0.44% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 204,120.12 ▼ 1.15% IPSA 10,780.31 ▼ 1.88% IPC MEX 69,889.73 ▼ 0.51% MERVAL 3,017,221 — — COLCAP 2,528.42 ▼ 1.25% BVL PERÚ 59,561.23 ▼ 4.26% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Friday, October 23, 2026

Argentina Latin America

Argentina Energy Coordinator Resigns, 22 Oct

By · October 23, 2026 · 7 min read
Facade of the Palacio de Hacienda, Argentina's Economy Ministry, a tall beige stone building on a Buenos Aires avenue with a police vehicle parked outside and trees under a blue sky
Photo: Horacio Cambeiro / Wikimedia Commons (CC BY-SA 4.0)

ARGENTINA · POLITICS

Key Facts

  • —What is happening Daniel González, the Economy Ministry’s coordinating secretary for energy and mining, resigned on Thursday, 22 October 2026, after a little over two years in the post.
  • —Why it matters He coordinated oil, gas and mining policy for Economy Minister Luis Caputo, including projects under the RIGI large-investment incentive regime, and officials say his post will not be refilled.
  • —The numbers González joined in August 2024. He cited a RIGI project worth US$3,500 million, and both the fuels bill and the “Super RIGI” bill have passed only one chamber of Congress.
  • —Who is who González is a former YPF executive and ex-head of the business group IDEA. María Tettamanti stays as energy secretary and Luis Lucero as mining secretary, under President Javier Milei and Caputo.
  • —What to watch Whether Caputo names a successor or leaves the two secretaries to report to him, and how Congress treats the Zona Fría gas-subsidy law, the fuels bill, Super RIGI and the 2027 budget.
  • —Power Index Argentina ranks 4th of 14 in The Rio Times Latin America Power Index, with 61.2 points (October 2026 edition).
  • —What it means for you US investors in Vaca Muerta shale, lithium or copper projects and in YPF shares should watch whether the approval pace for RIGI projects holds without González.

Argentina’s energy and mining coordinator, Daniel González, has quit Luis Caputo’s team. His post will not be refilled.

Daniel González, Argentina’s energy and mining coordinator, resigned on Thursday, 22 October 2026, Infobae and Perfil reported. He ran energy and mining policy inside the Economy Ministry led by Luis Caputo, and no replacement has been named.

The exit matters to US readers because González coordinated energy and mining policy in Argentina, sectors that draw US investors. The government treats both sectors as priorities, Infobae reports.

What González Said About Leaving

González announced it on the pro-government streaming channel Carajo, Infobae and Perfil said. “Es un ciclo que se acaba” (“a cycle is ending”), he said, adding he has no political calling and little exposure.

He had raised leaving with Caputo several months ago, he told Carajo. Perfil quotes him: “Yo se lo planteé hace unos meses” (“I raised it a few months ago”).

González said Caputo was right to wait because bills were pending, and he thanked Milei and Caputo. On X, Caputo wrote “Enorme agradecimiento para el gran Daniel González” (“huge thanks to the great Daniel González”), Infobae and Perfil reported.

Rows of tall poplar trees and green fields in the foreground with a line of wind turbines on a distant plateau under a grey sky
Wind turbines of the Loma Blanca wind farm on a plateau near Trelew, Chubut, in Argentine Patagonia, in an undated file photo. The farm has no link to the resignation. Photo: Gastón Cuello / Wikimedia Commons (CC BY-SA 3.0)

Who Takes Over the Energy and Mining Files

No successor is coming. Official sources told Infobae the coordinating post will not be refilled, and AM del Plata agrees while Perfil says none was announced.

María Tettamanti continues to head the Energy Secretariat, and Luis Lucero remains Mining Secretary. Perfil quotes González saying the team stays complete and he is the only one leaving.

González joined the Economy Ministry in August 2024, Perfil and AM del Plata reported. Earlier he led the business association IDEA and served as interim chief executive of the oil company YPF.

The Unfinished Agenda González Leaves Behind

González listed the pending items: the Zona Fría law, the fuels bill, Super RIGI, the budget and Argentina Week in Paris. Infobae says the fuels bill and Super RIGI have passed one chamber of Congress.

Zona Fría is a gas-subsidy scheme for cold regions of Argentina. Perfil lists the biofuels law instead of the fuels bill, so the exact bill title differs between outlets.

RIGI is the Regimen de Incentivo para Grandes Inversiones, the large-investment incentive regime created by the Ley Bases reform. Recent approvals include the US$3.2 billion TGS gas project.

González said RIGI projects were arriving faster than they could be processed. He wanted to avoid a “snowball effect” of backlog, Infobae and AM del Plata reported.

He called the energy sector he inherited “a disaster” and credited the Ley Bases with ending state intervention. The government did not discover Vaca Muerta, the shale formation behind the oil boom, he said, but it changed the pace.

Another Departure From Caputo’s Ministry

Perfil cites a September 2026 survey by political scientist Pablo Salinas that counted 292 officials who left posts since Milei took office. It says the Economy area accounted for 33% of those exits.

González framed his exit as the end of a cycle rather than a dispute, and no source reports a policy clash. Página/12 headlined it “another loss for Milei” and calls the personal reasons alleged, citing sources close to him who describe wear.

What It Means for US Readers

US firms and funds active in Vaca Muerta, lithium and copper deal with the Economy Ministry on RIGI approvals. Official sources say the two secretariats stay intact, so day-to-day contacts should not change.

Investors in YPF, the state-controlled oil company with shares listed in New York, will watch whether projects keep moving. See also Argentina’s US$1.6 billion energy trade surplus and the Central Puerto Vaca Muerta block award.

For background on who steers policy, read Who Runs Argentina’s Economy and Argentina Explained. Neither a successor nor a policy change has been announced.

What Is Not Known

No source says who will coordinate energy and mining day to day, or whether Caputo will name a replacement later. The official resignation decree in the Boletin Oficial, the government gazette, was not found.

The reason for leaving rests on González’s own words, which cite a finished cycle and a limited stay in government. Página/12 calls the personal reasons alleged and says sources close to him cite wear, which is unconfirmed.

Caputo’s X post could not be opened here, so it is quoted from Infobae, Perfil and AM del Plata. The 292 departures and 33% Economy share come from Perfil alone, citing Salinas.

The “team stays complete” quote is Perfil’s alone, and the fuels or biofuels bill title differs between outlets. Neither point was independently confirmed.

What Comes Next

Congress still has to act on the Zona Fría law, the fuels bill and Super RIGI. The government also has to present its budget, and a replacement decision would show how much weight Caputo gives the role.

The resignation does not by itself change energy or mining rules. Existing RIGI approvals and the secretariats’ work continue.

Frequently Asked Questions

Who is Daniel González?

Daniel González was Argentina’s coordinating secretary for energy and mining in the Economy Ministry since August 2024. He previously worked at YPF and led the business group IDEA.

When did Daniel González resign?

He resigned on Thursday, 22 October 2026, and announced it in an interview on the Carajo streaming channel. Economy Minister Luis Caputo thanked him on X.

Why did Daniel González resign?

He said a cycle was ending and that he never meant to stay long in government. He said he had raised leaving with Caputo months earlier.

Who replaces Daniel González?

Nobody has been named. Official sources say the post will not be filled, and María Tettamanti (energy) and Luis Lucero (mining) continue in their own posts.

Does the resignation affect US investors in Argentina?

No rule has changed, and the energy and mining secretariats keep working. Investors will watch how quickly RIGI project approvals move without a coordinator.

Sources: Infobae, 22 October; Perfil, 22 October; AM del Plata; Página/12, 23 October (all accessed 23 October 2026).

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This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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