ANNOUNCEMENT 17 Jul 2012In July 2012, the government of Argentina announced a change in the local input requirements for the participation in certain public purchases.
NUMBER OF INTERVENTIONS
Decreto 1189 of 17 July 2012, published in Official Gazette of 19 July 2012: http://www.infoleg.gob.ar/infolegInternet/anexos/195000-199999/199783/norma.htm
On July 17, 2012, the Government of Argentina ordered through Decree 1189/2012 that government entities must purchase all fuels and lubricants from Yacimientos Petrolíferos Fiscales (YPF). YPF is a state-owend company and has a market share in the Argentinean market of fuels and lubricants of 60% and 54%, respectively.