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Argentina again warns Repsol-YPF as provinces terminate production concessions

Wednesday, March 28th 2012 - 00:36 UTC
Full article 10 comments

Amidst raising tensions between the Argentine government and Spain’s Repsol-YPF oil company, Interior Minister Florencio Randazzo warned on Tuesday that the administration led by President Cristina Fernández will take “all necessary measures to guarantee the country's energy self-supply”. Read full article

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  • GreekYoghurt

    ”is to be self sufficient in terms of energy supply, thus all government measures in the topic will be aimed at achieving that goal”

    *belly laugh* hahahhahahahahah *belly laugh*

    ”This is why we want all oil companies to increase their investments within the country.” at a glorious U$42 per bbl?

    *belly laugh* hahahhahahahahah *belly laugh*

    furking amateurs.

    Mar 28th, 2012 - 06:22 am - Link - Report abuse 0
  • British_Kirchnerist

    Hope my Queen goes for it and nationalises them, unless of course they actually do what they should and invest

    Mar 28th, 2012 - 07:35 am - Link - Report abuse 0
  • The Cestrian

    Yet more theft from the RG govt. Also another sign that the country is fucked financially and in desperate straits.

    Cant be long now before the country implodes.

    Mar 28th, 2012 - 07:46 am - Link - Report abuse 0
  • lsolde

    Should be some juicy pickings amongst the pieces!

    Mar 28th, 2012 - 09:08 am - Link - Report abuse 0
  • Pedro

    I smell a conspiracy - Offer Repsol $ 64 per barrel knowing they cannot/won't invest and make a profit at that price. Then withdraw concessions by the score making it impossible to invest - in what, with no concessions? Later they put out new tenders and who gets them? - Maximo and friends ( Kirchnerite Governors) Then use missing billions from Aerolinas and Reserve Bank cheap infrastructure loans - sanctioned by Presidential decree. Shortly afterwards the price is bumped up to $ 104 per barrel on the noble pretects that self-sufficiency is essential for Argentina's future and that the price increase is unavoidable and due to high investment costs. Viola! - the Kirchner Ripoffdom is assured for decades.

    Mar 28th, 2012 - 01:32 pm - Link - Report abuse 0
  • GreekYoghurt

    @5 You sir, are both a scholar and a gentleman. I concur with your analysis, and t'is feasible in this regard.

    Mar 28th, 2012 - 01:45 pm - Link - Report abuse 0
  • ElaineB

    The flaw in the plan is picking fights on too many fronts; the downfall of many leaders.

    Mar 28th, 2012 - 02:29 pm - Link - Report abuse 0
  • GreekYoghurt

    It's a telling phrase when he says KFC will take “all necessary measures to guarantee the country's energy self-supply”.

    Does that include invasions?

    Mar 28th, 2012 - 04:07 pm - Link - Report abuse 0
  • Conqueror

    Time for Repsol to “dismantle” its argie operation? A lot of equipment could probably be flown out! Especially from Rincón de los Sauces.

    Mar 28th, 2012 - 06:09 pm - Link - Report abuse 0
  • briton

    a lot of coruption is going on in the backroom

    it will all come out in the wash .

    Mar 28th, 2012 - 06:41 pm - Link - Report abuse 0

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