The constitutional reform was followed by a law (“Ley Corta”, /07) whereby provincial authority was extended to include the. EL DECRETO PE Nº , REGLAMENTACION DE LA LEY avasalla a la Provincias ya que la ley el Congreso transfirió funciones a las. Known as the Short Law, Law 26, effected the transfer. 22 J. Lapeña, ‘El Decreto PE No , Reglamentación de la Ley ‘ (undated) Revista del.
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EL DECRETO PE Nº , REGLAMENTACION DE LA LEY
Provincial governments are still subject 2197 the relevant laws and international treaties passed by the national congress. Written by Sylvia Gaylord.
Other provinces have followed suit: Edited by Callum O’Reilly. This content is available to members only.
The expropriation of Repsol’s share of YPF not only enlarged the state’s share of the company, but also changed the relationship between the provincial and national governments on energy matters. The national government is also seeking to expand the role of YPF as an instrument of national energy policy.
Please sign in or become a member for free. No money has yet exchanged hands, either in payment for the shares to the national government or in dividends to the provinces, but the partnership has effectively sealed the fates of the provincial and national governments on future oil deals.
The expropriation increased the state’s share in the company, and the deal with Chevron, carried out via presidential decree, reasserted the national government’s authority on energy deals over that of the provincial governments. Under the new hydrocarbons law proposed by President Cristina Fernandez, the provincial oil and gas SOEs would no longer enjoy this gate-keeping privilege.
A new Hydrocarbons Law currently in the works seeks to further tip the balance between the two levels of government in favour of the federal government and a more centralised modality of policy-making. Royalties, taxes and permitting authority are at stake.
While this was seen as an about face by many domestic observers, both events are in line with the government’s objective leh reaffirming the state’s role in energy policy and its own control over resources. These legal changes, however, did not cede legal jurisdiction to the provinces, which remains in the hands of the nation.
New hydrocarbons law in Argentina
The reform of the Constitution of recognised 2197 property of subsoil hydrocarbon resources as belonging to the provinces where lej are located Art.
Read the article online at: Overall, the new law seeks to replace the collage of provincial systems with a nation-wide arrangement that would prove attractive to investors and yield more control and revenue to the national government. Similar conditions are expected to be discussed for the development of all non-conventional deposits under the new Hydrocarbons Law.