Argentina to cut fixed price of its crude by 7 pct -oil union head

lunes 22 de diciembre de 2014 21:06 GYT
 

BUENOS AIRES Dec 22 (Reuters) - Argentina's central government and oil producing provinces have agreed to cut the fixed price of crude oil produced and sold in the South American country by 7 percent to $78 per barrel, the head of an influential oil union said on Monday.

Guillermo Pereyra, secretary general of the Private Oil and Gas Union of Rio Negro, Neuquen and La Pampa, also told reporters that local gasoline prices would be cut by 5 percent.

Pereyra took part in negotiations between Economy Minister Axel Kicillof, the provinces and state-controlled energy firm YPF that lasted several days. (Reporting by Maximilian Heath; Writing by Richard Lough; Editing by Ken Wills)