One way to achieve country-by-country reporting

Posted on April 17 2012

As the FT reports this morning Argentina has found a way to deliver country-by-country reporting for its oil sector:

Argentina is to renationalise YPF, its biggest oil company, ousting the Spanish group Repsol as majority shareholder and prompting a furious row with Madrid.

In a move likely to have significant investor and diplomatic fallout, Cristina FernÃ¡ndez, Argentina's president, sent a bill to Congress on Monday to put 51 per cent of YPF in state hands.

It may not be popular. I think accepting country-by-country reporting may be more palatable for most in the sector. But without that accountability I suspect such moves may become more common.

Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here: