Argentina--Mixed. Under present legislation (Hydrocarbons Law 17,319 of June 23, 1967) specified geographical areas are reserved to state enterprises and the remainder of the country is, in principle, open to private enterprise under a system of exploration permits and exploitation concessions. No permits or concessions have been granted to private enterprise for some time, however. There are pending legislative amendments which would reestablish the monopoly of Y.P.F. over all phases of the oil industry but permit private enterprise to operate under work or service contracts with Y.P.F.
Ewell E. Murphy, Jr.,
Latin America: A Petroleum Profile,
9 Vanderbilt Law Review
Available at: https://scholarship.law.vanderbilt.edu/vjtl/vol9/iss3/4