Petrobras and Argentine government reach tentative agreement to increase investments

Wednesday, April 11th 2012 - 06:33 UTC

Full article 8 comments

The escalade between the Argentine government and the oil companies seems to have cooled off for a few hours on Tuesday following a meeting of Planning Minister Julio De Vido with top officials from Petrobras Argentina, and which was described as ‘productive’. Read full article

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Simon68
A very astute move by Governor Jorge Sapag. He applied the rulings of the National Government to all the oil companies operating in Neuquén Province and not just to Repsol-YPF and thus forced the Kirchner administration to show its true colours. He hopes to force the Government to raise the price of crude to be able to improve the provincial income from royalties.

It had the added value of showing that ALL the oil companies operating in Argentina are only just breaking even under the national government rules.
Apr 11th, 2012 - 04:50 pm - Link - Report abuse 0
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Think
(1) Simon68

You say:
“ALL the oil companies operating in Argentina are only just breaking even under the national government rules.”

I say:
I can barely contain my tears....
Poor, poor Multinational Oil Companies....
Baaad dog, Cristina............. Baaad, baaad dog...!
Apr 11th, 2012 - 04:57 pm - Link - Report abuse 0
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Simon68
Think:

If the companies don't make a profit they don't produce crude. That's exactly whats happening right now. We're going to have a cold, cold winter and spend U$S 12.000 m “al devino botón” because of this.
Apr 11th, 2012 - 05:03 pm - Link - Report abuse 0
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Think
(3) Simon68

“al devino botón” ...............................?

“ devino”........................?

Weren''t you Argentinean ?
Apr 11th, 2012 - 07:07 pm - Link - Report abuse 0
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Marcos Alejandro
Another one? :-)))))
Apr 11th, 2012 - 08:04 pm - Link - Report abuse 0
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Think
(5) Marcos Alejandro

Well.....
Mr. Chicureo from Chile convinced me about his authenticity, writing Spanish like a huaso and being sincere about that.

I know quite a few South-American born gringos that never mastered the Spanish language.

But MercoPress really seems to atract a lot of “Not Spanish Speaking” Argentinos...........

Let's see if Simon68 cares to answer...............

Saludous desdeh la preciousa Chubut ;-)
Apr 11th, 2012 - 08:21 pm - Link - Report abuse 0
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Marcos Alejandro
Poor Chicureo, lo gaste al “al devino botón” then :-))

Saludos Think.
Apr 11th, 2012 - 11:05 pm - Link - Report abuse 0
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Simon68
Think:

Sorry for the typo.

Saludos from Neuquén.
Apr 12th, 2012 - 12:45 am - Link - Report abuse 0
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