Argentine Oil Officials Said to Begin Federal Bill Talks

Argentine authorities agreed to start talks to rewrite a 1967 hydrocarbons law to determine how revenue from the world’s second-biggest shale gas reserves should be split between the federal government and provinces, three officials briefed on the matter said.

Governors of 10 provinces with oil and natural gas reserves will sign an accord with President Cristina Fernandez de Kirchner on June 9 that sets a framework for discussion including proposed rules on shale resources, according to the provincial officials, who aren’t authorized to speak publicly.