May 25, 2022 |
Argentina announced a plan on Tuesday to loosen capital controls on oil and natural gas companies so they can access more dollars for investment projects, a key to boost financing opportunities for the sector.
"We need to generate a greater flow of foreign currencies with the world," Economy Minister Martín Guzmán said in a televised address to oil executives.
As oil and gas producers increase production, Guzmán said, it will bring more dollars into the country from exports and reduce outflows f
Government wants to encourage oil and gas producers to boost output and exports, a long depressed source of financing opportunities