Related Articles
Forward article link
Share PDF with colleagues

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

Also in this section
Nigeria's election hangs over energy sector
19 April 2018
Africa's biggest economy is growing again. But next year's vote is stalling reform and investment in its crucial energy sector
Syria: ruthless business as usual
18 April 2018
The joint US-UK-French strikes on chemicals targets in Syria won’t affect the war—but they could damage Trump's image in the region
Elections a new rupture point in Venezuela crisis
16 April 2018
A Maduro loss in May's election could be a turning point, but recovery will be lengthy