Techint CEO Rocca on Argentina, Oil, and Free Trade

The transcript discusses President Macri's impact on Argentina, highlighting political changes and the country's potential for resource development. A multinational conglomerate expresses its commitment to investing in Argentina, particularly in energy resources. The conversation also covers oil prices, market trends, and the company's strategy to strengthen its position through internal reorganization and technology. Additionally, the transcript addresses global trade challenges and the importance of maintaining a level playing field.

What approach did President Macri aim to change in Argentina's government?

• A socialist approach

• A democratic approach

• A probabilistic approach

• A deterministic approach

What is the significance of the Vaca Muerta shale deposit?

• It is a newly discovered oil field.

• It is the smallest shale deposit in Argentina.

• It is the second largest shale deposit in the world.

• It is the largest shale deposit in the world.

What is the expected trend for oil prices according to the transcript?

• Prices will decrease significantly.

• Prices will remain stable.

• Prices will gradually increase.

• Prices will fluctuate unpredictably.

What strategy is the company using to emerge stronger from the downturn?

• Reducing workforce

• Streamlining operations and investing in technology

• Expanding into new markets

• Increasing short-term investments

What is Tenaris's role in the company's consolidation strategy?

• It is a regional company focusing on local markets.

• It is a subsidiary focusing on technology.

• It is a global company driving consolidation.

• It is a new startup in the energy sector.

What is the company's view on global trade dynamics?

• They are indifferent to trade policies.

• They support protectionism.

• They advocate for an open world with fair trade.

• They focus solely on regional trade.

What concern does the company have regarding China's trade practices?

• China is too dependent on imports.

• China has no impact on global trade.

• China's trade practices may violate fair trade rules.

• China's economy is too small.