Government leans on new fiscal incentive favoring oil producers
On 19 April 2012, the government announced the creation of a US$30 per barrel fiscal incentive in favor of oil producers, to alleviate the oil deficit in the country. The incentive will be added to the US$10.29 per barrel producers receive in cash. According
to YPFB President Carlos Villegas, the measure will not affect the domestic price of oil, frozen at US$27.11 per barrel.
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