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Analysis: Oil majors' interest in Argentina tests free-market reforms

Reuters  |  BUENOS AIRES 

By Luc CohenBUENOS AIRES (Reuters) - Oil majors are evaluating bids for offshore exploration rights in Argentina, a major change in a country that sent Spanish energy giant Repsol packing six years ago and has seen little offshore exploration for decades.To secure bids, Argentina will need to show it has moved beyond its historical fluctuations between free-market policies and left-wing populism and that it has made progress in lowering costs for energy firms.Oil companies including Shell and Statoil told Reuters they are looking at bidding in the auctions, to be held later this year, and a ...

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First Published: Tue, March 13 2018. 10:55 IST
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