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October 31, 2014

Argentina Passes Bill to Attract Foreign Oil Companies; Mexican Court Rejects Oil Referendum 
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Lawmakers in Argentina have passed legislation to attract foreign oil
and gas companies. Argentina has the third largest deposits of shale oil
and natural gas in the world. The measure provides longer contracts and
other incentives for multinationals to exploit those reserves. In
related news, Mexico's Supreme Court has rejected a request to hold a
national referendum on reforms passed earlier this year that opened
Mexico's oil and gas sector to private multinationals for the first time
in 76 years.

 

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