No Spanish import restrictions for Argentine biofuels

In Spain, the Ministry of Industry announced that the import restrictions on Argentine biofuels proposed earlier in the year will not be implemented due to a possible negative effect on oil prices. Spain receives approximately 50% of Argentine biofuel exports, an amount worth approximately $982.3 million in 2011. Pressure from the World Trade Organization is likely to have spurred the Spanish government’s decision.

Category: Fuels