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Argentina threatens to halt crude,refined products exports because of shortages

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Argentina's economy minister Sergio Massa said Oct.29 that exports of oil and refined products will be halted unless refiners normalize domestic diesel and gasoline supplies,after shortages led to long lines at service stations around the country over the past few days.”I am going to defend the internal supply,I am going to defend the consumption of Argentines,”Massa said in a televised speech.”If the supply situation is not resolved by Tuesday at midnight,from Wednesday they will not be able to take out any export ships.”Massa,who oversees energy affairs and is running for president in the Nov.19 runoff election,blamed refiners for the shortages.He said that instead of distributing supplies,they sat on them on the bet that prices would increase after the first round of the presidential election on Oct.22 or that there would be a currency devaluation.

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