Shell seeks expiration of Argentina's hydrocarbon exports tax - Reuters [Seeking Alpha]
Royal Dutch Shell PLC Royal Dutch Shell American Depositary Shares (Each representing two Class A Ordinary Shares) (RDS.A)
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Source: Seeking Alpha
Shell seeks expiration of Argentina's hydrocarbon exports tax - Reuters - Royal Dutch Shell plc (NYSE:RDS.A) | Seeking Alpha Shell seeks expiration of Argentina's hydrocarbon exports tax - Reuters Jun. 12, 2019 6:43 PM ET | Royal Dutch Shell plc (RDS.A) Carl Surran Royal Dutch Shell (NYSE: expire by the end of 2020 Drilling costs at wells in Vaca Muerta currently are ~20% higher than comparable U.S. shale projects, says Shell Argentina general manager Sean Rooney. "The export tax is set to expire in 2020, and we hope that they let it expire because it makes [production in Argentina] less competitive," Rooney says. Shell has three major projects under development in Vaca Muerta, which could have the largest natural gas reserves in the world. Click to subscribe to real-time analytics on RDS.A Now read: Walmart to absorb disappointing Jet.com into e-commerce operations » Subscribe
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