Argentina establishes a minimum oil price of US$ 45/barrel for domestic sales

Wednesday, May 20th 2020 - 21:54 UTC

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Oil companies in Argentina are obligated to maintain production, payrolls, and investment and cannot repatriate profits under a decree that establishes above-market prices for domestic crude. The decree published on Tuesday sets a minimum price of US$ 45/bl for domestic sales of light sweet Medanito crude. Read full article

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Little J
“Obligated” as in “obligado” in Spanish. Surely the word “obliged” would be more correct??
May 21st, 2020 - 09:38 pm - Link - Report abuse 0
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