ANNOUNCEMENT 01 Jan 2015

On 1 January 2015, the government of Argentina announced that it will subsidize oil productiona as well as oil exports by up to USD 6 per barrel. The program is temporary and was announced to last for 12 months. It can be extended for another 12 months.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



1.Argus Media (2015) Argentina boosts subsidies for oil output, exports.
http://www.argusmedia.com/News/Article?id=987877.

2. Camara de Importadores de la Republica Argentina (2015) "Resoluci?n 14/2015-CPCEPNIH".http://www.cira.org.ar/index.php?option=com_content&view=article&id=5894:resolucion-14-2015-cpcepnih&catid=112&Itemid=500.


Inception date: 01 Jan 2015 | Removal date: 01 Jan 2016
Still in force

Export subsidy

In addition to this production subsidy, oil exporters shall receive USD 2 per barrel sold abroad. This export subsidy rises to USD 3 per barrel for those entities that increase the exported amount in comparison to the previous fiscal year. However, this subsidy is conditional on the market price of oil. The subsidy will be paid as long as producers of the oil type 34°API Medanito receive less than USD 81 per barrel. For those entitities which produce the oil type 24°API Escalante (i.e. an oil type primarily designated for export) the threshold is at USD 70 per barrel.

AFFECTED SECTORS

 
120

AFFECTED PRODUCTS

 
270900