Tag: YPF Argentina

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.
Friday, May 18th 2012 - 04:12 UTC
YPF second shareholder misses 400 million dollars payment to creditor banks

Argentina's Petersen Group missed a 400 million dollars payment to creditor banks on Wednesday, which could allow them to seize the shares of oil company YPF backing the loan.
Thursday, May 17th 2012 - 11:52 UTC
Argentine provinces face less revenue and higher rates because of YPF seizure

Argentine provinces are falling back in paying salaries and honouring debts as they face a shortage of cash and almost record rates for issuing bonds in money markets, reports Buenos Aires financial press.
Wednesday, May 16th 2012 - 21:58 UTC
State-controlled YPF wants to keep its ADS listed in the New York exchange

Argentine state-controlled energy company YPF said it risks having its American Depositary Shares (ADS) de-listed by the New York Stock Exchange since it is not complying with all regulatory requirements.
Wednesday, May 16th 2012 - 01:33 UTC
Repsol sues Argentina over YPF in NY court and also takes the case to World Bank arbitration

Repsol YPF SA the large Spanish oil and gas company on Tuesday sued Argentina for seizing control of formerly state-owned energy company YPF SA, in which Repsol held a majority stake.
Friday, May 11th 2012 - 21:15 UTC
IAE warns Argentina YPF seizure could scare away international oil companies

Argentina's seizure of 51% of the shares of Spanish oil group Repsol's YPF unit could scare away international firms from investing in the, the International Energy Agency said on Friday.
Wednesday, May 9th 2012 - 08:21 UTC
Argentine Vice President, in Washington, invited US oil companies to invest in YPF

Argentine Vice President Amado Boudou on Tuesday urged US companies to invest in YPF, the nationalized oil company that Argentina recently expropriated from Spain's Repsol.