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Argentina’s Javier Milei clashes with billionaire CEO over protectionism claims

Rightwing leader mocks Techint executive after company’s bid for pipeline contract was rejected

Javier Milei has lashed out at one of Argentina’s richest men, as the libertarian president vents frustration at a business elite he has accused of benefiting from decades of protectionism.

Milei on Tuesday criticised Paolo Rocca, billionaire chief executive of Italian-Argentine conglomerate Techint, after local media reported that the group was considering an anti-dumping complaint over its loss of a major pipeline contract to an Indian rival with a more competitive offer. 

Milei called Rocca “Mr Scrap with the pricey pipes” in a post on X, referencing Techint’s bid to manufacture gas pipelines for the Southern Energy SA consortium, which is building Argentina’s first LNG export terminals.

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