Federal Planning Minister Julio de Vido announced that several members of the Argentine Government would be flying to China in September in order to close several cooperation agreements between Chinese oil companies and YPF, intended to deepen the bilateral relations.
Venezuelan president Hugo Chavez announced he expected to sign an oil/gas alliance between Argentina’s YPF and PDVSA (Venezuelan Petroleum) when he meets with his peer Cristina Fernandez in Brasilia in the framework of the Mercosur extraordinary summit to officially incorporate the country as full member of the trade group.
Argentina's nationalized oil and gas company YPF said on Friday it had bought back 79 million dollars in 2028 bonds that it was obliged to repurchase in the case of a state takeover.
At least four leading US oil corporations are interested in investing in Argentina’s nationalized YPF but are demanding a law that guarantees investments, direct export of oil and remittance of benefits.
Argentina’s seized oil and gas corporation YPF drastically cut dividend payments and created an investment fund following the first shareholders meeting since the nationalization by President Cristina Fernandez.
Argentina’s nationalized oil and gas corporation YPF announced the incorporation to its staff of two “outstanding professionals” for its technology department, Bernard Gremillet and Gustavo Bianchi, which at some time belonged to the company but had left for personal reasons.
Argentina's state-controlled energy company YPF will need to invest 35 billion dollars to boost falling natural gas and oil output by more than a quarter by 2017, the new chief executive said on Tuesday in Buenos Aires.
Argentina's government concluded the takeover of the country’s largest oil and gas company on Monday by naming a new chief executive and directors, even when YPF former owner - Spain's Repsol, kept one seat on the board.
Miguel Galuccio the new CEO of seized oil corporation YPF had already discussed conditions with the Argentine government for the job back in 2009, reveals the Spanish press. At that time no agreement was reached because the salary and other conditions he demanded were considered excessive.
Spain-based energy group Repsol has sent letters to oil majors including Exxon-Mobil, Chevron and Conoco-Phillips warning it would sue them if they try to invest in YPF or its assets, reports the British newspaper The Financial Times.