MercoPress. South Atlantic News Agency
Markets exist: Argentina offers attractive incentives to promote oil and gas production
Argentina will offer energy companies incentives if they invest 1 billion dollars or more over a five-year period as the country struggles to lift output and pare fuel imports a year after seizing a majority stake at YPF from Spain’s Repsol. Read full article
Comments
Disclaimer & comment rulesWTF happened to foreign exploitation of Argentine resources?
Jul 15th, 2013 - 05:20 pm - Link - Report abuse 0Desperate times call for desperate measures.
Jul 15th, 2013 - 05:34 pm - Link - Report abuse 0I can't see what the point of a U$S1.5 billion investment is when YPF needs at least U$S7 billion per year for 5 years to start exploiting Vaca Muerta!!!!!!!
Jul 15th, 2013 - 05:50 pm - Link - Report abuse 0What business in their right mind believes anything from this government? They have already demonstrated that they back out of most every agreement, contract, treaty, arrangements and everything that they say. They do not get that Oil companies will expect extremely high risks that includes expropriation, what they will not accept is not being compensated for it. All eyes are watching Repsol being victims of government thievery because they were not compensated. Looks like Galluccio is no boy wonder.
Jul 15th, 2013 - 06:18 pm - Link - Report abuse 0“Repsol, we will release your company in Argentina when you pay the ransom of...............
Jul 15th, 2013 - 06:30 pm - Link - Report abuse 0ONE BILLION DOLLARS
MUHAHAHAHAHAHAHAHAHAHA”
I wonder if she was stroking her pussy when she thought of this?
SHe must......no one else will touch it.
Jul 15th, 2013 - 06:48 pm - Link - Report abuse 0It is easier to process shale from Canada, isn't it? Besides, carbon costs and the incredible convenience and near-zero maintenance of solar makes this a non-starter perhaps.
Jul 15th, 2013 - 07:38 pm - Link - Report abuse 0The only reason for these officials to make these agreements is to get a cut, and to look like they are doing something.
Fracking takes like 100,000 gallons of fresh water per well, right? Noone is fracking in a desert.
“Chevron Chief Executive Officer John Watson will travel to Argentina to sign the deal between July 15 and July 16”
Jul 15th, 2013 - 07:57 pm - Link - Report abuse 0A brave man indeed-don't forget John, the small print on an Argentine document means nothing.
Sounds good. Well done Chevron.
Jul 15th, 2013 - 09:01 pm - Link - Report abuse 0When one looks at the terms they are quite interesting . The problem is that this Government has lost all credibility .To nationalise Repsol was fine but to send police to arrest executives was downright stupid . And not to pay compensation , well what can one say !
Jul 15th, 2013 - 09:36 pm - Link - Report abuse 0So back to square one for YPF.
Jul 15th, 2013 - 10:46 pm - Link - Report abuse 0Oh, no it isn't. Before they raped Repsol didn't The Dark Country have enough oil and gas at reasonable prices I seem to remember? More so than now anyway.
And didn't TMBOA prostitute herself around the States drumming up investment for YPF, surely that cannot have come to nothing.
OH YES IT DID (come to nothing).
Jolly dee.
Hi everyone.. I've been away for a while... Looking for more of that Petro stuff....
Jul 16th, 2013 - 12:45 am - Link - Report abuse 0Does these people really believe that Argentina's are credible?
Don't they remember, last time? Plus the world bank debt. Plus the rip off on the investors...
Old saying .... If it sounds to good to be true it probably isn't...
What a crock... The Argentine's must think everyone is as stupid as they are... Its almost as bad as a Nigerian bank deposit scam...
Yes Chris...TMBOA was in DC on her knees giving handjobs.......or was it BJ's?
Jul 16th, 2013 - 01:50 am - Link - Report abuse 0Tinkadova is investing his last few pesos in Chevron shares. Yet another convert to capitalism. Well done Tinka, despite your fud status you've finally seen the light.
Jul 16th, 2013 - 06:38 am - Link - Report abuse 013 Captain Poppy
Jul 16th, 2013 - 12:13 pm - Link - Report abuse 0The mental pictures are just too much!
AND, she didn't even get 2 Yuan for them!
LOLs
I do believe that they not only lack scrupples, they know no shame or embarrassment, not to mention that they are truly dumber than dirt. They totally fail to grasp the notion of why no one if maybe one or two are investing in Argentina. Those that do have court cases and the other is investing with mad money........funds relegated for penny stocks on the OTCBB.....lol
Jul 16th, 2013 - 06:01 pm - Link - Report abuse 0It's comical how they all claim to hate us western democracies yet clamor to invest in our mega trillion markets.
The oil companies know that as soon as they find and start pumping the o/g it will be nationalized FOR THE GOOD OF THE PEOPLE.
Jul 17th, 2013 - 04:03 pm - Link - Report abuse 0They're not dumb.
They're used to dealing with slimy dictators every day.
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