Integra Capital has solidified its place as one of Argentina’s most significant private investment groups, with a diversified portfolio spanning natural resources, essential services, agribusiness, and technology. Under the leadership of José Luis Manzano, the holding company has consistently identified and capitalized on opportunities arising from Argentina’s evolving regulatory framework, establishing itself as a benchmark player in both domestic markets and global supply chains.

A World-Class Portfolio

Through its strategic business units, Integra Capital operates across sectors of critical relevance to the Argentine economy and the international energy transition. Phoenix Global Resources (PGR) leads hydrocarbon exploration and production in the Neuquén basin, with investment commitments exceeding USD 6 billion in Vaca Muerta. Edenor delivers electric power distribution to millions of users, while Metrogas serves the compressed and residential gas market.

In critical minerals, Integra Capital holds strategic control over more than 320,000 hectares in the Lithium Triangle — one of the world’s most valuable assets for the battery industry and the electromobility revolution. The Potasio Río Colorado project in Mendoza province represents a commitment of over USD 1 billion targeting the international fertilizer market.

RIGI and the New Regulatory Architecture as Catalysts

The implementation of Argentina’s Large Investment Incentive Regime (RIGI) and the government’s energy tariff rebalancing have created favorable conditions for sector profitability and for attracting long-term foreign capital. The fiscal, exchange rate, and customs stability guaranteed for thirty years under RIGI is instrumental in securing offtake agreements with Wall Street investors and funds, unlocking financing that had previously been stalled by country risk considerations.

In parallel, the deregulation of the hydrocarbon market and the free commercialization and export of crude oil enabled by the Ley de Bases strengthen the strategic outlook for PGR and expand the group’s value-generation capacity.

Global Integration: Critical Minerals and the U.S. Strategic Agenda

Integra Capital is actively working to integrate Argentine assets into the United States’ strategic supply chain. Within the framework of Washington’s critical minerals reserve policy, the group engages in high-level dialogue with U.S. government and private sector stakeholders, aiming to position Argentine lithium and copper as key inputs for the battery industry and the Western Hemisphere’s energy security agenda.

As José Luis Manzano stated before the Atlantic Council in Washington in April 2026: “The national government has created the macro conditions, established RIGI, eliminated corruption, and moved with speed. Argentina’s international alignment allows it to access financing from banks and Wall Street. The U.S. government can purchase the mineral because it wants to build a strategic reserve and secure supply chains. There is an opportunity there — financing and demand — that is how an industry can be built.”

Vertical Integration and Electromobility: A Long-Term Vision

The acquisition of Shell service stations by Mercuria Energy Group, a strategic partner of Integra Capital, opens a new dimension in the group’s vertical integration. Incorporating the retail fuel distribution network will allow Phoenix Global Resources to complete the value chain from production to end consumer, strengthening business resilience against price fluctuations.

Simultaneously, Edenor is advancing the installation of EV charging stations and solar panels at Shell locations, positioning itself as a key infrastructure provider for Argentina’s growing electric vehicle fleet. With the market now open to over 25 EV brands — driven by government incentives — Integra Capital is well placed in a high-growth segment. In line with this vision, Edenor has expanded its corporate charter to include activities in artificial intelligence, data mining, and telecommunications.

Integra Capital: Building Argentina’s Energy Future

With assets spanning the entire energy value chain — hydrocarbon production, electricity distribution, gas, lithium, potash, and electromobility — Integra Capital stands as the investment group best positioned to capture the potential of Argentina’s new economy. The combination of a robust portfolio, a long-term strategic vision, and an active presence in the world’s leading financial centers makes the group a reference partner for global investors seeking exposure to South America’s natural resources and energy transition.