Vice President Amado Boudou brushed aside ‘Repsol-YPF nationalization rumours’ and said Argentina is interested in oil companies that make long term investments and don’t fall prey of short term financial profits.
Argentine Economy Minister Amado Boudou and Planning Minister Julio De Vido announced on Friday further subsidy eliminations for utility services particularly in the City of Buenos Aires, which follows on previous subsidy cuts to several sectors implemented last month by the government of Cristina Fernandez.
Planning Minister, Julio De Vido said that “Argentina is again aiming at the long term and this is only possible due to the numerous productive projects” in the country and the close articulation between the State and industry.
Argentina announced Wednesday a further adjustment to its extended public utilities (electricity, water and gas) subsidies policy and this time the cuts will apply to large companies and high income households.
Economy Minister Amado Boudou and Planning Minister Julio de Vido announced Wednesday in a press briefing, a full lift on subsidies; a decision which will reach various public sectors, including electricity gas and water companies. The changes imply annual fiscal savings of 600 million pesos (140 million dollars).
Argentina signed contracts worth 444 million dollars on Wednesday with a subsidiary of SNC-Lavalin Group, Canada's top engineering firm, to extend the shelf-life of its Embalse nuclear plant.
Chile's Luksic family group plans to buy Royal Dutch Shell Plc's assets in Argentina, which include service stations and the country's second-biggest oil refinery, financial daily Ambito Financiero reported on Monday.
Argentina is delaying the sale of Paraguayan power to the Uruguayan market (which must cross Argentine territory) for reasons ‘as least publicly’ unknown for both sides interested in the deal, according to the Uruguayan and Paraguayan press.
Argentina won't become a natural gas exporter under the current government even if potentially massive deposits of unconventional gas turn out to more than enough to supply the domestic market, announced Planning minister Julio De Vido.
Mexican telecom magnate Carlos Slim, ranked as the world's wealthiest man by Forbes magazine, plans to invest 1.5 billion US dollars over the next two years in Argentina's telecommunications sector, officials said.