Tag: YPF Argentina

• Saturday, May 5th 2012 - 06:41 UTC

  Cristina Fernandez enacts YPF nationalization and oil and gas self-sufficiency law

  

  Argentine President Cristina Fernández enacted the YPF nationalization law, which was approved by the Lower House on Thursday. During a nation-wide televised speech from Government House, the Head of State also introduced the company’s new CEO, oil engineer Miguel Galuccio.

• Saturday, May 5th 2012 - 06:31 UTC

  A successful oil and gas engineer with global experience, YPF next CEO

  

  A drilling engineer with a long experience in the oil and gas industry Miguel Galuccio, 44, will be taking over as of next Monday as manager of the nationalized YPF corporation, announced on Friday Argentine President Cristina Fernandez.

• Friday, May 4th 2012 - 06:15 UTC

  Cristina Fernandez admits the challenge of turning YPF competitive and efficient

  

  President Cristina Fernández said that YPF will be a “great challenge for Argentina” since it will have to turn into a modern competitive oil company in line with the interests of the country.

• Friday, May 4th 2012 - 06:11 UTC

  YPF vote splits opposition Radical party; dissenters blame government for the energy policy

  

  Even when the YPF nationalization bill in the Argentine Lower House was passed with support from most opposition parties, including the two main groupings the event was not without incidents.

• Monday, April 30th 2012 - 04:11 UTC

  New YPF management says gas supply is guaranteed, in spite of Repsol

  

  The current managers of YPF accused Spain’s Repsol of deliberately delaying or ignoring contracts to supply Argentina with liquid natural gas, following the seizure of a majority stake in the company belonging to the Spanish corporation.

• Tuesday, April 24th 2012 - 06:20 UTC

  S&P downgrades Repsol’s rating; sees no compensation payment in near-term

  

  Rating Agency S&P announced on Thursday it was downgrading Spain-based energy company Repsol-YPF after Argentina’s government announced the expropriation of 51% of its shares. The rating was lowered from BBB to BBB (minus), the agency said in a statement.

• Saturday, March 17th 2012 - 07:21 UTC

  YPF is an Argentine asset run by Spanish investors, De Vido tells Madrid

  

  Argentine Planning Minister Julio de Vido lashed out at Spanish Industry Minister José Manuel Soria by saying that oil company YPF is an Argentine corporation run by Spanish investors and should not be considered an asset of the European country.