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In recent weeks, the Argentine government has faced off with the country's largest energy company, Repsol's YPF, blaming the increase in fuel imports on a lack of investment from YPF and other producers. Despite a previously good relationship, the government has threatened to nationalize YPF and banned it from exporting until a tax was paid, while the company has blocked politicians from its board meeting. Meanwhile, on Feb. 24, Argentine provinces demanded that energy firms raise their oil and natural gas output by 15 percent in the next two years or risk losing their concessions. Does the Argentine government's contentious relationship with YPF and other oil companies threaten investment in the recent shale gas discoveries, which analysts have called a ""game changer"" for the country? How will the relationship between the government and oil producers continue to play out? What is to blame for ""under-investment"" in the oil and gas sector?


Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.




Inter-American Dialogue