Tag: YPF Argentina

• Monday, June 18th 2012 - 00:56 UTC

  Chile’s ENAP recovers oil concession revoked when Argentina seized YPF from Repsol

  

  Chile's state-owned oil and gas company ENAP, Empresa Nacional del Petroleo, recovered the Southern Argentine concession revoked in March by Chubut province, when the dispute over YPF, ENAP said in a statement Friday.

• Friday, June 15th 2012 - 03:26 UTC

  Mexican billionaire Slim holds 8.4% of re-nationalized YPF shares

  

  The family of Mexican billionaire Carlos Slim owns 8.4% of YPF shares, Argentina's recently re-nationalized oil and gas company said in a filing with the US Securities and Exchange Commission on Thursday.

• Wednesday, June 13th 2012 - 06:22 UTC

  Moody’s downgrades Repsol rating, exposing vulnerability to YPF seizure

  

  Moody's Investors Service decided to slash the long-term rating of Spanish oil company Repsol after the Argentine government seized 51% stake of Argentina based YPF, formally run by Repsol.

• Friday, June 8th 2012 - 21:06 UTC

  Fitch downgrades Repsol rating to BBB- on fears of YPF seizure impact

  

  Repsol, the Spanish oil producer whose Argentine unit YPF was nationalized in April, was cut to the lowest investment grade by Fitch Ratings, the first downgrade since reducing dividends to shore up its finances.

• Wednesday, June 6th 2012 - 04:28 UTC

  YPF unveils plan to invest 35bn dollars in five years with he help from partners

  

  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.

• Tuesday, June 5th 2012 - 03:01 UTC

  Argentine concludes takeover of YPF naming new board and confirming CEO

  

  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.

• Saturday, June 2nd 2012 - 03:17 UTC

  Repsol’s only purpose was “to milk dry” YPF of resources and reserves

  

  Argentine President Cristina Fernandez made the historic decision to nationalize oil and gas company YPF at “the right moment” because Repsol was “milking dry” YPF resources and reserves, said Planning Minister Julio De Vido and Deputy Economy minister Axel Kicillof at a press conference at the Economy ministry in Buenos Aires.

• Sunday, May 27th 2012 - 03:51 UTC

  Ambassador Argüello explains to the US business community YPF seizure

  

  Argentina explained that the YPF seizure was carried out “in order to avoid an energy crisis” in an article which was published in the US edition of The Financial Times newspaper and signed by Ambassador Jorge Argüello.

• Monday, May 21st 2012 - 03:34 UTC

  Investors will opt for Uruguay and its legal system, says Spanish ambassador

  

  The seizure of YPF by Argentina can be expected to have a positive repercussion for Uruguay since the country has an enviable legal system and keeps to the rules of the game, said the new Spanish ambassador in Montevideo, Roberto Varela.

• Friday, May 18th 2012 - 22:39 UTC

  Repsol cancels contract to supply Argentina with LNG; YPF ensures supply

  

  Spain’s Repsol has cancelled its contract to supply Argentina with liquefied natural gas (LNG), just weeks after the country seized control of the company's majority stake in YPF, a document obtained by international news agency Reuters showed.