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Argentina energy minister asked to sell stock in Shell

Associated Press Associated Press 12/09/2016

BUENOS AIRES, Argentina — Argentina's anti-corruption office is asking the country's energy minister to sell his stock in Royal Dutch Shell, where he was an executive of the local branch.

Juan Jose Aranguren became energy minister in December. He has faced growing criticism for continuing to own a reported $1.1 million in Shell's class A shares.

The head of Argentina's anti-corruption office said Monday that Aranguren should get rid of his stock or set up a blind trust to handle his finances.

Laura Alonso told local radio Mitre that her office reached the conclusion after a thorough study, taking into account the public ethics law.

Argentina's government has defended the energy minister saying there is no conflict of interest. But critics say Aranguren has privileged information about the oil market and could benefit.

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