Argentina: Subsidies for Oil Production and Exports
Announcement
01 Jan 2015
On 1 January 2015, the government of Argentina announced that it will subsidize oil productiona as well as oil exports by up to USD 6 per barrel. The program is temporary and was announced to last for 12 months. It can be extended for another 12 months.
In addition to this production subsidy, oil exporters shall receive USD 2 per barrel sold abroad. This export subsidy rises to USD 3 per barrel for those entities that increase the exported amount in ...