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Argentina offers new shale investment incentives

Cristina Fernández de Kirchner’s government has made a fresh bid to lure investment into its ailing oil and gas sector, writes Justin Jacobs

 The Argentine government has made a fresh bid to lure investment into its ailing oil and gas sector, offering several financial incentives for companies that commit to invest at least $1 billion over five years. If the investors meet the spending requirement, after the fifth year they will be allowed to freely trade 20% of its production on international markets without having to pay export duties, according to a presidential decree published in the country’s daily official gazette. Moreover, the earnings from that international trade will be exempt from the strict foreign exchange controls that president Cristina Fernández de Kirchner’s government has put in place. Companies are required

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