Argentina oil and gas output continues to fall; YPF reports a better performance

Tuesday, November 5th 2013 - 07:01 UTC

Full article 8 comments

Despite all the efforts and new incentives implemented by the administration of President Cristina Fernandez, Argentina's oil and gas production to August compared to last year's eight months continues to decline although at a slower rate: 2.76% and 6.57% respectively, according to the latest figures released by the Energy Secretary. Read full article

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Orbit
Was it this decade that was won or a different one?
Nov 05th, 2013 - 09:00 am - Link - Report abuse 0
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yankeeboy
I love articles like this. It just shows how a bunch of progressive/socialist monkeys can ruin the lives of 40MM people.
Repsol was warning about this a decade ago, and then they would have had enough time to fix this mess. But the Ks took the easy way out, the populist way out and ruined their chances of any development happening while they were in power.
It takes a long time to find, extract, refine o/g.
They're a decade behind.
The are trading a low cost commodity SOY for a high priced commodity Fuel.
Can't do that for long now can you.
Bahahahaha
Nov 05th, 2013 - 11:27 am - Link - Report abuse 0
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Welsh Wizard
Expropriation of Pan American Energy and Petrobras anyone? The government is always complaining about the fact the they don't have total control of all energy production...
Nov 05th, 2013 - 11:35 am - Link - Report abuse 0
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Conqueror
Where's Marcos? Shouldn't he be here explaining how this is all part of the “government's” plan? How “good” this is for argieland? And what about TiT? This news must please him. Argieland becoming more “isolated” because it can't produce the electricity to run all those bits of “modern” equipment. Computers, fax machines, iPads, electric typewriters, telephones. And the machines that make envelopes and stamps.
Nov 05th, 2013 - 01:13 pm - Link - Report abuse 0
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golfcronie
One of the many problems Argentina faces is that everyone wants to be a Jefe and not an Obrero, no-one is prepared to graft,
Nov 05th, 2013 - 06:25 pm - Link - Report abuse 0
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Briton
This means Argentina will have to import Nigeria's Bony oil,

if only she was nicer to the islanders ?

still,
this future world power, will just have to get back on their bikes lol.
Nov 05th, 2013 - 07:38 pm - Link - Report abuse 0
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Pugol-H
I wonder how believable are the YPF figures showing an increase, or are these like the official inflation rate figures.

The situation could actually be worse.

And shows no signs of improving.

Yet this is the issue that must be sorted, more than any other.
Nov 05th, 2013 - 07:40 pm - Link - Report abuse 0
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LEPRecon
@7 Pugol-H

Of course they are the 'official' figures, so they are as phoney as a $2 bill.

If YPF's figures had increased, then they wouldn't be having to import more and more LNG and oil, would they?
Nov 06th, 2013 - 01:24 pm - Link - Report abuse 0
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