Important Jurisdictional Changes in Oil & Gas Exploration and Exploitation in Argentina
Article from: OGEL 4 (2006), in Professional News
Introduction
The President of Argentina signed last week [week 43, ed.] a Draft that will be sent to the Congress for approval including an Agreement with the hydrocarbons producing Provinces which reassigns the eminent domain and jurisdiction over oil & gas resources and activities. The Draft has been called "Ley Corta". Though the Constitutional reform of 1994 already transferred the domain of hydrocarbons to the provinces, questions remain as to certain areas. The new law specifically extends such jurisdiction to off shore areas up to 12 miles (22kms) from the provincial ...