MercoPress. South Atlantic News Agency
YPF CEO Galuccio travels to Norway to discuss partnership with Statoil
Argentina’ nationalized oil and gas corporation YPF is said to be in talks with Norway’s Statoil about a possible partnership as part of its 37 billion dollars drive to develop Argentina’s energy reserves. It is close to signing deals with US oil giant Chevron as well as Bridas Corp, the Chinese-Argentine joint venture, the Financial Times reported on Sunday. Read full article
Comments
Disclaimer & comment rulesprobably close to being told to do one as well
Dec 10th, 2012 - 08:27 pm - Link - Report abuse 0Tuuu Ruuu Ruuuuu
Dec 10th, 2012 - 10:25 pm - Link - Report abuse 0Lol what..investment would be made through a British Virgin Islands subsidiary...hahahahahaha
Dec 10th, 2012 - 10:44 pm - Link - Report abuse 0Norway you be better leaving well alone my friends
Dec 11th, 2012 - 12:09 am - Link - Report abuse 0Dec 11th, 2012 - 12:24 amReport abuseObviously positive direction of events causing some heartburnand diahrrea to some participants here. Good fortunes Argentina. keep the good news coming.
Dec 11th, 2012 - 12:26 am - Link - Report abuse 0Money is a beast no human can ever predict, the only problem with it that it is only loyal to greed! Sooner or later they all meet their match. I don't think any multinational can help Argentina, as they never done before, In some cases they even taken land and are trying to make up a new country with 3000 British illegal aliens.
Dec 11th, 2012 - 01:10 am - Link - Report abuse 0@6 what nonsense are you talking about now.
Dec 11th, 2012 - 01:49 am - Link - Report abuse 0@5 ProRg
Dec 11th, 2012 - 08:15 am - Link - Report abuse 0You should only congratulate them once the deal has been signed. In the past the Argentine government were very quick to say that: China/Russia/USA etc.. Had signed deals only to be embarrassed when they realised that the other side had walked away without signing anything.
At least they're being more cautious this time, and not spouting rubbish that the Norwegians have signed the deal, just that they're in negotiation.
Yes, well.
Dec 11th, 2012 - 08:17 am - Link - Report abuse 0“The YPF investment would be made through its British Virgin Islands’ registered subsidiary, Bridas Corp”
Dec 11th, 2012 - 09:35 am - Link - Report abuse 0Vaulture type tax dodge anyone?
Looks like someone will be spending their Christmas on their bathroom floor vomiting and crying with a bottle of vino in one hand and anti-depressants in the other.
Dec 11th, 2012 - 12:50 pm - Link - Report abuse 0December will be a very unpleasant month for botox inflated retardation.
Darn that elusive YPF investment, have you tried Santa hes in the neighbourhood this time of year?
Dec 11th, 2012 - 01:02 pm - Link - Report abuse 0@8 It's not negotiations. It's pleading. But it's good to read that they are “close” to signing deals with Bridas and Chevron. That leaves plenty of time for the respective shareholders to scream “Not a chance!” Leaving argieland to crawl back into the forest.
Dec 11th, 2012 - 01:14 pm - Link - Report abuse 0Looks like their pleading for their boat back has been delayed again too because:
Dec 11th, 2012 - 01:46 pm - Link - Report abuse 0“the two parties failed to reach agreement on when to submit their appeals to the Court of Appeal”
The captain of the Libertad is going to have a very dull Christmas.
I'm pretty sure if Arg gets booted from the IMF no Int'l public company will be able to invest in the country since they won't be able to get insured loans.
Dec 11th, 2012 - 02:00 pm - Link - Report abuse 0I'm sure Statoil has the same sort of guidelines in their charter.
I bet the car companies will have to pack up and leave too.
Surely the title of this news article should be “YPF CEO Galuccio pisses in the wind in public”?
Dec 11th, 2012 - 02:04 pm - Link - Report abuse 0yes/no?
You have to give Mr Galuccio credit, where credits due (no pun intended) he is really working hard at this.
Dec 11th, 2012 - 04:44 pm - Link - Report abuse 016 Shed-time
Dec 11th, 2012 - 04:48 pm - Link - Report abuse 0Into a force 10 gale you could have put! :o)
Just how many of these 'investments' have been announced now?
It reminds me of the cnut Brown who regularly announced things in the House, that he had already announced and then withdrawn.
Nothing is settled until the money has been disbursed.
Only THEN will I believe it.
@18 The poor chap is is just trying to get some traction. Even this Bridas Corp company is a joint venture that I'm guessing is La Campora run. Chevron are being held at gunpoint.
Dec 11th, 2012 - 05:28 pm - Link - Report abuse 0The turnout of willing investors is likely to be v. low through fears of finger burning (predictably having one's assets seized by the state/maximo).
Statoil will talk till the Chevron case is settled(1 year plus)after all one day the Argentine government will change,they will be aware of the danger to their US investments if they do if they do otherwise
Dec 11th, 2012 - 08:15 pm - Link - Report abuse 0I dont know much about the others but I bet they use dollars,that makes them vulnerable in any major Banking regime.
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