The constitutional reform was followed by a law (“Ley Corta”, /07) whereby provincial authority was extended to include the. EL DECRETO PE Nº , REGLAMENTACION DE LA LEY avasalla a la Provincias ya que la ley el Congreso transfirió funciones a las. Known as the Short Law, Law 26, effected the transfer. 22 J. Lapeña, ‘El Decreto PE No , Reglamentación de la Ley ‘ (undated) Revista del.
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One of the consequences of the decentralisation of energy regulation has been the creation of state-owned enterprises at the provincial level. Under the new hydrocarbons law proposed by President Leyy Fernandez, the provincial oil and gas SOEs would no longer enjoy this gate-keeping privilege. Other provinces have followed suit: Similar 261997 are expected to be discussed for the development of all non-conventional deposits under the new Hydrocarbons Law.
Overall, the new law seeks to replace the collage of provincial systems with a nation-wide arrangement that would prove attractive to investors and yield more control and revenue to the national government.
EL DECRETO PE Nº , REGLAMENTACION DE LA LEY
The reform of the Constitution of recognised the property of subsoil hydrocarbon resources as belonging to the provinces where they are located Art. No money has yet exchanged hands, either in payment for the shares to the national government 266197 in dividends to the provinces, but the partnership has effectively sealed the fates of the provincial and national governments on future oil deals.
Written by Sylvia Gaylord.
The expropriation increased the state’s share in the company, and the deal with Chevron, carried out via presidential decree, reasserted the national let authority on energy deals over that of the provincial governments.
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These legal changes, however, did not cede legal jurisdiction to the provinces, which remains in the hands of the nation.
Argentina: new hydrocarbons law | Energy Global
While this was seen as an about face by many domestic observers, both events are in line with 226197 government’s objective of reaffirming the state’s role in energy policy and its own control over resources. Key issues unresolved While the new legislative framework seeks to create more predictable conditions to attract foreign investment, many key issues will remain unresolved, including domestic prices, export taxes, and repatriation of profits.
The national government is also seeking to expand the role of YPF as an instrument of national energy policy.
New hydrocarbons law in Argentina
Edited 26917 Callum O’Reilly. While the new legislative framework seeks to create more predictable conditions to attract foreign investment, many key issues will remain unresolved, including domestic prices, export taxes, and repatriation of profits.
Royalties, taxes and permitting authority are at stake.