News Regions Hardcopy Market Data Careers Web- tv Events Subscribe Focus About Upstream Advertise

Buenos Aires plans onshore shake-up

Argentina's federal government and the nation's 10 hydrocarbon-producing provinces have reached a deal which could see the provinces take control of their energy resources, according to reports.

News agency Efe said the accord, which will take the form of draft legislation to be presented to the national congress, would give the provinces authority to negotiate contracts with the private companies active in Argentina's upstream sector, a power which currently resides with Buenos Aires.

However, the federal government will retain control of offshore resources.

The agreement was signed by federal Planning Minister Julio De Vido and the governors of 10 energy-producing provinces in front of President Nestor Kirchner.

If the legislation is passed, the provinces would negotiate new contracts once the private companies' current deals expire.

"This an old aspiration of the hydrocarbon producing provinces," Julio Cobos, the Governor of Mendoza, told Efe.

Cobos presides over the Organization of Hydrocarbon Producing Provinces, a grouping which covers Menoza, Neuquen, Rio Negro, Chubut, Santa Cruz, Tierra del Fuego, Salta, Jujuy, Formosa and La Pampa provinces.

According to the accord, the provinces would also take control of regulating and supervising the transportation of oil and gas within their boundaries, including deciding when and where pipelines should be built.

e-mail this to a friend

e-mail this to a friend

FREE Daily newsletter print
most popular
search
subscriber login
recruitment

Senior Level Exploration Staff

Our client is looking for highly motivated and highly skilled E&P professionals who can assist with increasing its export production capacity from 2.5 million bopd to...

Petro Staff

Contracts Engineer ( Drilling and Construction)

Incumbent will have high involvement with other divisions, vendors and other customers to ensure compliance with standards and regulations. Changes to services, procedures...

Sheffield Offshore

Senior Level Exploration Staff

Our client is looking for highly motivated and highly skilled E&P professionals who can assist with increasing its export production capacity from 2.5 million bopd to...

Petro Staff

Instrumentation & Control Engineer

OMV Exploration & Production

Operations Readiness Coordinator (f/m)

OMV Exploration & Production

HSE Specialists (Drilling)

Sheffield Offshore

Operations Manager

Roc Oil Company

Lead Planning Engineer

Mentor IMC Group

Technical Manager

Sheffield Offshore

Senior Cost Engineer

Mentor IMC Group

Lead Process Engineer

Sheffield Offshore

Production Technologist

Roc Oil Company

Drilling Contracts Engineer

Sheffield Offshore

Schedule Engineer

Orion Group

Drilling Completions Engineer

Sheffield Offshore

click here for all positions
news from other nhst publications