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Montevideo, February 8th 2023 - 06:11 UTC

Tag: Argentina new Hydrocarbons Law

  • Friday, October 31st 2014 - 07:51 UTC

    Argentina approves new hydrocarbons bill to attract foreign investments

    Argentine urgently needs an inflow of funds to develop its massive Vaca Muerta shale oil and gas deposits and lower its hefty energy-import bill.

    Argentina's lower house of Congress, which is controlled by President Cristina Fernandez's allies, gave final approval Thursday for a new Hydrocarbons Law that was harshly criticized by opposition lawmakers. The lower house passed the bill with a vote of 130-116 with one abstention after more than 14 hours of debate.