Wednesday, September 14, 2016 Aranguren bends to pressure and finally sells his shares in ShellAfter weeks of mounting speculation and criticism, Energy Minister Juan José Aranguren sold approximately 16 million pesos (US$1million) worth of shares in Royal Dutch Shell Plc yesterday following overwhelming pressure from the opposition, the Anti-Corruption Office (OA) and even government allies to halt a potential conflict of interests. The decision was announced simultaneously by Aranguren and the government. “Aranguren has sold his shares in Shell. Prior to accepting his position in the Cabinet as Energy minister, Aranguren was CEO of Shell Argentina for twelve years,from 2003 to 2015, a nominally separate entity from the energy giant’s parent company which is based in the Netherlands and UK. Aranguren “has recused himself from having anything to do with Shell precisely in order to avoid further speculation,” Peña said during an interview with Radio Continental.

Source: Bueno Aires Herald September 14, 2016 11:03 UTC