Argentina

Thursday, April 19th 2012 - 20:11 UTC
France’s Total agrees to further increase natural gas production in Argentina

Argentina's government said on Thursday that it had agreed with France's Total to work together to boost natural gas output by 2 million cubic metres per day at two Patagonian fields where YPF – which is being nationalized – also has a stake.
Thursday, April 19th 2012 - 19:38 UTC
World Bank and France criticize Argentina’s “mistake” and international law breach

Argentina's move to nationalize local oil company YPF, controlled by Spain's Repsol, was strongly criticized by the World Bank president Robert Zoellick and French Foreign Minister Alain Juppé.
Thursday, April 19th 2012 - 06:04 UTC
You build history the way you can, not the way you want, said CFK of YPF takeover

“You build history the way you can, not the way you want”, said Argentine president Cristina Fernandez during an official ceremony in which she referred to the “recovery” of the country’s main oil and gas corporation YPF, in the midst of the dispute with Spain’s Repsol.
Thursday, April 19th 2012 - 05:53 UTC
Senate leader announces Argentina will also seize YPF natural-gas branch

Argentina will seize natural-gas producer YPF Gas SA as part of plans to boost control of its natural resources and increase production, two days after seizing oil producer YPF SA.
Thursday, April 19th 2012 - 05:18 UTC
Falklands’ dispute controversy reaches The Washington Post

The Falkland Islands sovereignty dispute has reached the US capital triggering an interesting exchange in the Washington Post, involving the newspaper and the ambassadors from Argentina and the UK.
Thursday, April 19th 2012 - 05:10 UTC
US “very concerned” about effects of YPF nationalization; Argentina’s risk soars to 1.044

The US government finally broke silence regarding the YPF controversy and expressed “deep concern’ over the expropriation plans. A State Department spokesman said on Wednesday the plans “could have an adverse effect on the Argentine economy.”
Wednesday, April 18th 2012 - 22:56 UTC
EC and Italy call on Argentina to fulfil its international commitments

European Commission Vice President Antonio Tajani addressed Argentina's plan to expropriate 51% of the 57.43% share-package Spanish ran Oil Company Repsol owns, during a speech at the European Parliament on Wednesday. From Rome Italy also voiced its concern with events regarding YPF and trade restrictions.
Wednesday, April 18th 2012 - 22:49 UTC
Repsol shares plunge 32.7% in Wall Street after three days of trading suspension

Shares of Argentina’s biggest energy company Repsol-YPF plunged 32.7% on Wednesday in Wall Street after transactions resumed following three days of suspension.
Wednesday, April 18th 2012 - 22:44 UTC
Colombia protests before WTO Argentina’s trade restrictions

Colombia has sent a letter to the World Trade Organization protesting Argentina's import restrictions on its products, the government announced Wednesday.
Wednesday, April 18th 2012 - 22:34 UTC
Brazil feels YPF dispute will not interfere with Petrobras operations in Argentina

Brazil’s Mines and Energy minister Edison Lobao discarded that operations of Petrobras in Argentina could be affected by the decision from the administration of President Cristina Fernandez to expropriate YPF from Spain’s Repsol.