Argentine oil bill may bring fresh investment

Argentine oil bill may bring fresh investment

Economy & Policy Argentina Oil Gas Pipelines

A bill to promote the development of oil and natural gas resources in Argentina could be a key for unleashing new investment — and demand for financing — in the country, two industry executives said on Tuesday. The government-backed bill, which was submitted to Congress last month, calls for providing long-term exchange rate stability and incentives for oil and gas production, investment and exports, including allowing supplies to be sold under long-term contracts and 50% of the export proceeds

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