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Montevideo, May 25th 2019 - 09:58 UTC

A possible Chinese exit for the ongoing clashes between Repsol YPF and Argentina

Wednesday, April 11th 2012 - 06:35 UTC
Full article 11 comments

China National Offshore Oil Corporation, CNOOC, could prove to be the solution for the ongoing clash between the Argentine government and Spain’s Repsol which holds a majority stake in YPG, Argentina’s main oil and gas company. Read full article

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  • Welsh Wizard

    This is very interesting but good for whom exactly? If a china state corporation takeover the YPF stake them the Argentinean government will have a very different prospect trying to bully them, especially as China can pretty much dictate terms to the government as it depends on china to buy soya and also to help prop up the currency. If I was them, I wouldn't want to be dealing with CNOOC, better to just nationalise...

    Apr 11th, 2012 - 09:08 am - Link - Report abuse 0
  • GeoffWard2

    The early steps to a full financial and resources take over of Argentina's assets by the Chinese.
    They will because they can ... and they need to.

    You've seen those little Chinese shadow-puppets ......

    It's my belief that these will come a day - reasonably soon - when all Argentinian politicians and business leaders will be worked from below with the Chinese puppet-sticks.

    Apr 11th, 2012 - 09:44 am - Link - Report abuse 0
  • yankeeboy

    2 things China needs for survival, oil & food. They've done the same in Africa why not Argentina? Argentina can't bully them though so there must be some big payoffs at first before they can welcome their new overlords.
    75 years of whining they don't want to be owned by the USA now they'll be owned by China. China has no respect for human rights, no respect for the law, they'll devour everything like locusts and leave the RGs with nothing. RGs are too stupid and corrupt to know this is not going to end well.

    Apr 11th, 2012 - 12:20 pm - Link - Report abuse 0
  • ElaineB

    Who was it that predicted this? I suggested maybe Venezuela would take over but someone else said it would be China. Sorry I can't remember who said it but all credit to you.

    The problem is that the Argentine government cannot see long-term on anything. It focuses on the next bribe and how much can be channelled into Swiss bank accounts. The general public are busy surviving the high inflation and the young are being brainwashed into believing Argentina is a great nation. (Imagine when they realise Argenina is just a province of China?) The future of the country is not a priority for anyone; they live in the moment.

    Apr 11th, 2012 - 01:51 pm - Link - Report abuse 0
  • yankeeboy

    4. If you ask Think all of my predictions and general informational posts are imaginary and have no relation to what is really going on in The People's Republic of Argentina.

    Apr 11th, 2012 - 03:11 pm - Link - Report abuse 0
  • ElaineB

    @5 Ahhhhh, it was you. Sorry about forgetting that but I did remember what you said. Good call, again.

    Apr 11th, 2012 - 04:55 pm - Link - Report abuse 0
  • Think

    Chuckle chuckle®

    This “little MercoPress story” about the Chinese and YPF is just for the Turnips.
    And an effective one!
    I can see that it has attracted some of the Mayor…………………..….Turnips.

    Let’s say, without disclosing too much, that YPF is in its way to become a National Oil Company, controlled by national, provincial and private capital to be develop following the the Petrobras / Statoil model….

    And it will happen rather quickly…………

    Apr 11th, 2012 - 06:18 pm - Link - Report abuse 0
  • PGH

    My Gosh, this is infested with British Trolls! What's wrong with these people? Don't you have better things to do?
    (If you're currently unemployed, I apologize)

    Apr 11th, 2012 - 09:35 pm - Link - Report abuse 0
  • GeoffWard2

    Sr Think #7,

    how do you think YPF will become state-owned?
    - Just appropriated?
    - With immediate compensation to Repsol?
    - In pesos or $?
    - Using an Argentinian front company but with Chinese money and infrastructures?

    - And what might be the knock-on effect for foreign non-oil companies operating in the country?
    Dismantle and transfer their factories to eg Brasil?

    Chinese 'state/private' companies could easily operate all Argentina's companies with a nominal Argentinian as 'Chairman' and Argentinan 'shadow-workers' working 1-for-1 alongside the real workers - the Chinese.
    The Chinese did this to Malaysia once they had embedded themselves in Malaysian society, so why not in Argentina?

    Apr 12th, 2012 - 08:03 am - Link - Report abuse 0
  • Think

    You really dislike Chinkies.................... Do you?

    Apr 12th, 2012 - 06:47 pm - Link - Report abuse 0
  • GeoffWard2

    No, Think, now have a go at answering the question(s) in #9; #7 refers.

    Apr 13th, 2012 - 06:11 pm - Link - Report abuse 0

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