MercoPress. South Atlantic News Agency
Argentine government takes control of oil and gas industry planning
The Argentine government announced the creation of an oil planning commission that will set national energy goals and have the power to review private companies’ investment plans. Read full article
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Jul 28th, 2012 - 10:15 am - Link - Report abuse 0More interference from the government. And they wonder why international companies are reluctant to invest in Argentina!
That'll be goodbye to the argie gas and oil industry then. Think back to when they stole the company. It was all going to be so straightforward. How long has it been? Not enough qualified and experienced personnel. Little or no investment. And now government interference. Decisions made by political expediency rather than operational requirements. Disaster cometh. How long before argieland is totally broke? So broke that even malvinistas have to admit it!
Jul 28th, 2012 - 12:44 pm - Link - Report abuse 0well thats that buggered then
Jul 28th, 2012 - 08:37 pm - Link - Report abuse 0But we ALL knew this was on the cards didn't we?
Jul 28th, 2012 - 08:45 pm - Link - Report abuse 0The Mad Bitch is never happy unless she is making 'the men' jump through hoops.
What is next for this beleaguered industry? Plans every year for an industry that thinks in decades just about sums up what is behind this announcement. If you don't meet what WE think then we will 'rob' your company off you (but they use a nice legal word of course).
@3 Oh its way better than buggered.... seems she is putting Killitoff in charge of this mega clusterfuck......
Jul 28th, 2012 - 09:50 pm - Link - Report abuse 0And yet the indoctrinated Argies, still think she is the greatest thing since sliced bread.
Jul 28th, 2012 - 09:57 pm - Link - Report abuse 0Shame they can’t see the mould then .lol.
@5 its double buggered then LOL
Jul 28th, 2012 - 10:59 pm - Link - Report abuse 0The old Soviet empire tried to centrally manage these things from Moscow.
Jul 29th, 2012 - 11:17 am - Link - Report abuse 0The only game in town was then to 'fix' the figures to appear to be meeting 'government achievement targets'.
The Argentinians are already experience at this sort of thing, so we can expect the same outcomes.
Apparently CFK wants a [south American games]
Jul 29th, 2012 - 01:28 pm - Link - Report abuse 0thay way, not only can they show there flag at the front, but have a cnance of winning something,
but the falklands are not invited,
[she said] if you wish gold, then dont invite the best lolol.chuckle, justa joka .
Good measure who don't invest will loose concessions.
Jul 29th, 2012 - 01:58 pm - Link - Report abuse 0BTW I¡m just waiting for the Anglo tax all moron speaking English should be taxed for ignorant retarded.
Power to the people and shit to the Brits.
Hi Dany #10
Jul 29th, 2012 - 03:14 pm - Link - Report abuse 0There IS an Anglo tax, that which all Permanent Residents pay if they pay their UK IR taxes.
Luckily there is a 'no double taxation' arrangement with Brasil, so my tenure only pays the nett excess to the Brasilian authorities.
Nice - though slightly impenetrable for those not strong at Brasilian Portuguese - online submission process.
Are these the same arrangements in Argentina?
Argentina is so rich, it should pay all our taxes,
Jul 29th, 2012 - 05:32 pm - Link - Report abuse 0that way, they can keep their shit and tax it themselves .
5 Frank @ 7 slattzzz
Jul 29th, 2012 - 05:39 pm - Link - Report abuse 0Oh no!! this is the end of all Argentina's problems. Please have a little faith!!
KFC has done such a wonderful job with the economy so far, how can this be anything else other than a roaring success?
“The decree strengthens Argentina’s control over the oil industry after the April nationalization of YPF, Argentina’s largest energy company, on the grounds that it failed to invest enough to increase output”
Jul 29th, 2012 - 11:42 pm - Link - Report abuse 0Can Argentina afford to invest enough to increase output?
@GeoffWard2
Jul 30th, 2012 - 05:53 am - Link - Report abuse 0Oh! I guess I answered you in another article bloody 'ell...
I don’t know if I understood your question...
But as far I know Argentina does not tax residents if they don’t have a business what produces some amount of income in ARG to them or properties that exceed the minimum value to be subject to “Bienes Personales”.
I actually welcome this move as it all pretty much guarantees that free market oil companies will NOT invest in Argentina despite their trips to the USA begging and saying one thing and doing another. This may not be that last nail in the coffin, but certainly the grave has been dig. RIP RG economy. Between this and grains futures being tradede in pesos.....how fast can this ship sink? Apparently not fast enough.
Jul 30th, 2012 - 12:10 pm - Link - Report abuse 0Commenting for this story is now closed.
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