Posted 12/28/2023, 5:15:07 PM
Milei Seeks to Boost Oil Production With Market Reforms Despite Congressional Opposition
- Argentine President Javier Milei seeks to end government intervention in the oil industry with new legislation
- The bill would allow free crude exports and let market forces determine local fuel prices
- The measures aim to boost production from the Vaca Muerta shale fields
- Milei's party lacks majority support, so the legislation faces opposition in congress
- But the government may informally stop mediating between oil producers and refiners to quickly liberalize the industry