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Argentina Passes Bill to Attract Foreign Oil Companies; Mexican Court Rejects Oil Referendum

HeadlineOct 31, 2014

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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