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Argentina: Subsidies for oil exports to compensate for low prices

Description

On 9 March 2016, the Argentinian government announced its decision to provide exporters of heavy crude oil, a subsidy of USD 7.50 per barrel. This subsidy will apply as long as international oil price...

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Intervention Details

Intervention Type

Export subsidy

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

11 Mar 2016

Revocation date

09 Dec 2016

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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