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MercoPress, en Español

Montevideo, July 12th 2025 - 15:18 UTC

Tag: YPF

  • Tuesday, July 1st 2025 - 10:55 UTC

    US judge rules against Argentina in YPF restatization case

    The Argentine State retook control of YPF during CFK's second presidency when Kicillof was economy minister

    Judge Loretta Preska of the Southern District Court of New York ordered Argentina to transfer 51% of YPF shares to an escrow account to settle a US$16.1 billion judgment in favor of Burford Capital and Eton Capital, stemming from the 2012 expropriation of the oil company. The ruling, which Argentina may appeal, surprised the government, as even the US Department of Justice opposed it. The decision led to a sharp decline in YPF shares (1.4% on Wall Street, 3% locally) and a 2% drop in the Merval index.

  • Wednesday, October 9th 2024 - 09:13 UTC

    YPF to relocate Vaca Muerta HQs to Buenos Aires

    Decisions are no longer made based on the work of the Company Man at the foot of the well, Marín insisted

    Argentina's state-run oil company YPF announced Tuesday that it would be opening an operations center in its tower in the exclusive Puerto Madero district in Buenos Aires to run Vaca Muerta. The move is expected to cut costs by 30% and save up to US$ 1.5 billion a year.

  • Monday, September 23rd 2024 - 08:55 UTC

    LNG project to go on with or without Petronas, YPF CEO says

    Local media are mentioning a 95% probability that the Malayan company would back down due to a slump in expectations

    Argentina's State-run oil company YPF CEO Horacio Marín admitted that the highly-announced US$ 30 billion joint Liquefied Natural Gas (LNG) venture with Malaysia's Petronas in Patagonia would go ahead despite the Asian partner's alleged intention to withdraw from it.

  • Friday, August 23rd 2024 - 09:28 UTC

    Fire at Argentine oil refinery contained in time

    First aid responders were summoned from the PNA and the municipalities of Ensenada and Berisso

    A tank at the Ingeniero Enrique Mosconi Refinery Industrial Complex in the city of Ensenada -south of Buenos Aires and east of La Plata- belonging to Argentina's State-run oil company YPF caught fire Thursday at around 4.30 pm. The high smoke clouds polluted a vast part of the densely populated area but no victims were mentioned in the preliminary report.

  • Wednesday, July 31st 2024 - 22:38 UTC

    YPF and Petronas announce joint LNG partnership in Argentine Patagonia

    The Rio Negro location offered numerous advantages over Bahía Blanca, it was explained

    Argentina's state-run oil company YPF and its Malaysian version Petronas will invest over US$ 30 billion to build a Liquefied Natural Gas (LNG) plant in the Patagonian province of Río Negro, it was announced, thus ending speculations according to which such a facility was to be or should have been settled in the Bahía Blanca area in the province of Buenos Aires.

  • Saturday, October 28th 2023 - 08:55 UTC

    Argentina to import fuel to ease current shortages

    In the next few days the problem will be solved, said Royón

    Argentine authorities said Friday that more fuel will be imported to guarantee supplies to the pumps as the ongoing crisis is set to drag on for weeks, potentially affecting the Nov. 19 presidential runoff between Economy Minister Sergio Massa and Liberal Congressman Javier Milei, it was reported in Buenos Aires.

  • Friday, October 27th 2023 - 10:16 UTC

    Fuel shortages reported in Argentina

    YPF implemented on Monday an average increase of 3%

    Due to fuel shortages in several parts of Argentina, some pumps were forced to sell only up to a quota per customer while others simply closed their activities on Thursday, it was reported in Buenos Aires.

  • Monday, September 25th 2023 - 09:55 UTC

    Uruguay's Ancap awards all offshore exploration licenses open for bids

    Ancap authorities also pointed out that US$ 127 million had been pledged by the bidders

    Uruguay's state-run oil company Ancap has awarded all seven offshore oil and gas exploration licenses open for bids to four foreign companies: YPF (Argentina), APA Corp (United States), and Shell and Challenger Energy Group (CEG) (United Kingdom), it was reported in Montevideo.

  • Tuesday, April 25th 2023 - 12:43 UTC

    Argentina to export oil to Chile again

    Iuliano said that if something has to be fixed, “there would be a change in the schedule.”

    Beginning in June, Argentina will resume exporting oil to Chile after 17 years, the website Rio Negro reported.

  • Friday, December 30th 2022 - 09:36 UTC

    YPF to build lithium batteries in Catamarca

    “We must move from salt to batteries, and from there to the change of the electric system,” Jalil said

    Argentina's state-run Y-TEC YPF plans to install a lithium battery manufacturing plant in the province of Catamarca, according to a deal signed this week between Governor Raúl Jalil and YPF's President Pablo González, it was announced. Also signing the document was Y-TEC (YPF's technological institute) Chief Roberto Salvarezza.

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