Another Argentine province cancels oil concessions to Spain’s held YPF

Friday, March 23rd 2012 - 23:11 UTC

Full article 8 comments

The Argentine province of Mendoza joined on Friday other oil producing areas of the country in cancelling concession contracts which has been awarded to the Spanish owned oil corporation Repsol-YPF, with which the government of President Cristina Fernandez is involved in a controversy over long term investment. Read full article

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briton
Should of stuck to oranges ..
Mar 23rd, 2012 - 11:28 pm - Link - Report abuse 0
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The Cestrian
It looks like the cat is out of the bag now. Even Brazil knows that the RG's are in the shit:

http://www.buenosairesherald.com/article/96188/pimentel-over-import-controls-argentina-is-in-trouble-and-we-must-help-in-a-mature-way

This is so predictable from the RG's.
Mar 23rd, 2012 - 11:44 pm - Link - Report abuse 0
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GreekYoghurt
Do we know who, if anyone, is taking over these concessions? Or are they just going to lie dormant for the next 10 years?

“However the decision was also challenged by Argentine delegates since they argue that YPF shares can be cashed overseas, which also means a drain of hard currency from Argentina.”

Tracksuit-boy challenged the idea that no company in the world wants to be associated in any way with the furkfest that is Argentinaland? Wow.. well done there Tracksuit-boy.
Mar 24th, 2012 - 09:33 am - Link - Report abuse 0
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ManRod
Cristina communicated this to Chile as a “thank you” while she visited Piñera. You must know (this was not told in the upper article), that 50% of this concession was owned by chilean run ENAP.

I guess, this was an additional “thank you” from the Argentines due to Piñeras backening of her “malvinas” cause. Oh man... Piñera, put on some trousers!
Mar 24th, 2012 - 01:45 pm - Link - Report abuse 0
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Pirat-Hunter
I guess pirates and thieves will not theft wealth from Argentina for ever.
Mar 24th, 2012 - 08:34 pm - Link - Report abuse 0
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briton
I guess pirates and thieves will not theft wealth from Argentina for ever.
you are very right there boy,,

and as soon as the argentina people wake up, and get rid of CFK , then all the thieving will stop, will it not .
Mar 24th, 2012 - 09:48 pm - Link - Report abuse 0
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lsolde
Maybe not, briton.
Maybe another set of crooks will take over.
The poor long suffering people.
Mar 24th, 2012 - 10:14 pm - Link - Report abuse 0
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briton
mmm another pirate hunter , perhaps
Mar 24th, 2012 - 10:43 pm - Link - Report abuse 0
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