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Argentine minister bows to pressure to sell Shell stock

Argentina's energy minister Juan Jose Aranguren has been at the center of a political storm over hikes in gas and electric prices that ranged from 200 to 2,000 percentArgentina’s energy minister has sold off his shares in the Shell oil company after anti-corruption authorities warned of a potential conflict of interest, President Mauricio Macri said Tuesday. Energy Minister Juan Jose Aranguren was the chief executive of Shell Argentina before joining the government, and the Argentine Anti-Corruption Office had urged him Monday to divest from Royal Dutch Shell.

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