Argentina's YPF Luz - the electricity division of the traditional state-owned oil company - has officially opened its third wind farm, Cañadón León, which is expected to supply 123 MW of renewable energy to the national system, it was reported Thursday.
Argentina's Cabinet Chief Juan Manzur Monday presided over the ceremony during which the State-run oil company YPF announced it will invest U$S 90 million to develop a solar energy park in Ullum, in the province of San Juan, where radiation suits best these type of undertakings.
Argentina's state-run oil company YPF announced a price increase of around 9% in the price of fuel at pumps as of Wednesday, with 2 additional percentage points in the case of premium products.
Argentina's state-run oil company YPF has been granted a US $ 300 million loans, which “shows the confidence of the markets in the results obtained by the company in 2021,” it was announced.
In the last month of 2021, Argentina has recorded a total oil output of around 559,000 barrels per day (BPD), thus reaching the highest production for the country over the past nine years, it was reported Thursday.
By Matthew Smith for Oilprice.com – For a decade, successive Argentine governments in Buenos Aires have enacted a range of policies aimed at reducing energy imports and exploiting the Latin American country’s vast hydrocarbon potential.
The University of Buenos Aires (UBA)'s Gas and Petroleum Institute Director Aníbal Mellano said in an interview published Sunday in the Ambito Financiero newspaper that his country was “in an ascending cycle, within a descending world cycle for hydrocarbons.”
YPF, the biggest oil producer in Argentina, said on March 16 that it hiked diesel and gasoline pump prices by 7%, helping to finance a US$2.7 billion investment plan to boost crude output.
Norway's Equinor and YPF have entered into an agreement with Shell to jointly farm-down 30% non-operated interests in the CAN 100 block in the North Argentine basin, offshore Argentina.
Argentina’s state-managed oil giant expects to avoid a costly default next month after it won support for a debt swap from a large creditor group. The so-called Ad Hoc Bondholder Group, which holds 45% of YPF’s 2021 notes, expressed support for the exchange after the company increased its cash sweetener over the weekend.