Document Type

Article

Publication Date

10-31-2011

Abstract

The government of newly re-elected President Cristina Fernández de Kirchner ordered oil, gas and mining companies to repatriate all proceeds from export sales in a bid to control significant capital flight, Dow Jones reported. According to national statistics agency Indec, oil, natural gas, metals and other related products accounted for $7.7 billion in exports during the first nine months of the year. Is the new regulation a good idea? Will the regulation have a significant effect on oil and gas companies, which have long faced what they call burdensome taxes and pressure to keep domestic prices low? What consequences could the new regulations have on badly-needed investment in the country's energy sector?

Language

English

Publisher

Inter-American Dialogue

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