MercoPress. South Atlantic News Agency
YPF manages significant increases in output and profits in the third quarter
Argentina's state-controlled oil firm YPF hydrocarbons' production in the third quarter increased by 15.4% from a year earlier to 573,000 b/d of oil equivalent (boe/d). The rise in production translates into a 13.9% increase from a year earlier for the first nine months of the year to 553,000 boe/d. Read full article
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Disclaimer & comment rulesThe only way the State can make its companies like Aerolineas and YPF “function” is by making them into huge monopolies, tax and burden its competitors buy out everyone to “increase production” and fix the internal prices. We all know how this is going to end.
Nov 06th, 2014 - 10:51 am - Link - Report abuse 0@1 CD2
Nov 06th, 2014 - 11:08 am - Link - Report abuse 0I agree, it has been a “huge success up to now!”
I was going to crunch the numbers to try and make sense out of them but INDEC has probably schooled the Sclumberger failure on how to ‘present’ them “in the best possible light”.
Yesterday Aerolineas numbers were updated. They have enjoyed a 4Bn US$ subsidy since they were nationalized in 2008. 1,5 times worth of Air France.
Nov 06th, 2014 - 11:28 am - Link - Report abuse 0http://www.lanacion.com.ar/1741531-aerolineas-consumio-us-4000-millones-en-subsidios-desde-que-entro-el-estado
http://www.lanacion.com.ar/1741531-aerolineas-consumio-us-4000-millones-en-subsidios-desde-que-entro-el-estado
Between 2009 and 2011 Recalde Aerolineas CEO increased his wealth 75%
Gallucio's salary is secret, but some people estimate it near 1/2 a million US$ per month to over a million US$.
You kind of get where the thing is going.
Pretty sure those “increases” have more to do with the companies/production they purchased rather than overall increase in Argentina's countrywide production.
Nov 06th, 2014 - 01:37 pm - Link - Report abuse 0Let's see what happens by eoy where the price of gas is relative to the world price of oil. In the USA ours is going down dramatically my bet is in Arg it will go up by eoy.
Let's see.
What means equivilent? How many barrels of grease? We don't count no stinkin' sour gas that you vented or flared at the wellhead. Texas T /OK Crude - how many barrels of oil? huh?
Nov 06th, 2014 - 07:52 pm - Link - Report abuse 0The title of the note reads: “Argentine state-controlled oil firm YPF” is a sly way to start it: YPF MEANS “YACIMIENTO PETROLIFEROS FISCALES” and was established as a state enterprise in 1922, during the presidency of Hipólito Yrigoyen, becoming the first major vertically integrated oil company in the world. Your ideologue and first director was Colonel Enrique Mosconi, a real and true patriot. Then in 1992 it was privatized and given by the “Trucho” President Carlos Menem, betrayed all Argentines.
Nov 07th, 2014 - 01:05 am - Link - Report abuse 0YPF together with Malvinas represent perhaps the two biggest names of the Argentinidad. All, more than 40 million Argentines feel tremendous pride when CFK regained sovereignty over YPF, WHICH SHOULD HAVE NEVER LOST.
No matter if YPF, gives few or many gains. YPF has tremendous potential and recently begins to be administered by the Argentine state (the state we all are, the more than 40 million Argentines), YPF has a huge future ahead and that gives us tremendous security.
6.
Nov 07th, 2014 - 01:55 am - Link - Report abuse 0YPF doesn't have any potential in my opinion, it's going to become what it was back in the late 1980s a burden, unproductive, filled with unionists and bureaucrats, reserves falling and uncompetive.
Always look to past behaviours to predict future outcomes. Why should it be any different this time??
Thank God President Menem had the sight and the balls to get rid of the trash it was, just as ferrocarriles and Aerolineas.
@6 Hernan
Nov 07th, 2014 - 12:37 pm - Link - Report abuse 0Did anyone notice ?
“HERNAN” HAS A NEW OPERATOR!!
Hernan, who was a raving, imcomprehensible Nationalist, is now a lucid and clear ENGLISH speaker.
Just the Argentine counterpart of the “Brazzo Group of Trolls”.
@6 Haha you can't seriously compare YPF to Malvinas.
Nov 07th, 2014 - 12:49 pm - Link - Report abuse 0@9
Nov 07th, 2014 - 01:55 pm - Link - Report abuse 0Where on earth did you see Hernan comparing YPF to the companies exploring for oil in the FALKLANDS? There is NO COMPARISON as NONE of the companies in the FALKLANDS are state owned and are prepared to invest heavily in the FALKLANDS. Only time will tell but I am willing to bet ( oops silly me you are Argentine ) that the FALKLANDS OIL will be a success. Incidently they will be drilling in Q2 2015. Hows the court cases getting along? Your government have had about 2 years to bring the Executives of the oil companies to court. Tell me which courts in the world would have durisdiction?
10 Golfcronie
Nov 07th, 2014 - 03:52 pm - Link - Report abuse 0I think Magnus was actually ridiculing Hernan The Troll @6.
It looks like Magnus is agreeing with us - Falklands are legitimately exploring, with vast potential, whilst YPF is a failed organisation propped up by the government.
Having been to a number of his restaurants , I had no doubt that he would turn YPF round .
Nov 07th, 2014 - 06:17 pm - Link - Report abuse 0@11
Nov 10th, 2014 - 03:01 pm - Link - Report abuse 0Does not @9 realise it is the FALKLANDS, the Malvinas does not exist. Cant find it on any maps which are relevant.
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