Argentine Governors Seek More Energy Investments, Cronista Says

Argentine governors will ask oil companies in their provinces to partner with state-run producers as a way to increase investment, El Cronista Comercial said, citing a draft of an agreement.

The governors of oil producing provinces including Chubut, Mendoza and Neuquen will meet today in Buenos Aires with Economy Minister Hernan Lorenzino, Planning Minister Julio de Vido and other officials, the Buenos Aires-based newspaper reported.

The governors may also agree on a provision that would strip energy companies’ licenses if they don’t guarantee oil and gas production at levels previously agreed to, the article said.

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net.

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net.

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