Argentina eases capital controls on oil sector

Argentina eases capital controls on oil sector

Corporate & Sovereign Strategy Economy & Policy Debt Equity Loans Argentina Capital Markets Project & Infrastructure Finance Gas Oil

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

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