Argentina’s Energy Minister Sold Shell Shares After Pushback
- Tax declarations show he owns $1 million worth of Shell shares
- Aranguren was chief executive officer of Shell Argentina
Argentina's Macri: Confident in VP, Energy Minister
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Argentina’s Energy and Mining Minister, Juan Jose Aranguren, has sold his shares of Royal Dutch Shell Plc following criticism from anti-graft authorities, President Mauricio Macri said.
Aranguren, formerly the chief executive officer of Shell Argentina, sold his shares in the company, Macri said in an interview with Bloomberg TV on Tuesday. Earlier, the minister was excused from all dealings with Shell in Argentina, according to a decree published in the official gazette. The minister, who owned $16 million pesos ($1 million) shares in the company according to reports of his tax documents for 2015, received a non-binding recommendation on Monday from the anti-graft office to sell his stock.