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Tuesday, December 3, 2013

Argentina needs 'foreign support,' YPF's Galuccio

YPF head Miguel Galuccio addresses attendees of the 19th Annual Conference of the Argentine Industrial Union

The YPF CEO was participating today of the 19th Annual Conference of the Argentine Industrial Union (UIA). In his address to private-sector leaders, Miguel Galuccio called for both “domestic and foreign support” in the energy sector.

According to Miguel Galuccion, Argentina needs to “facilitate” foreign companies’ investment in order to exploit the country’s hydrocarbon resources, ending dependence on imports that only this year accounted for 13 billion dollars.

“We have the tool that is YPF but we need both local and international support because only that way energy will be a leverage for industry,” the head of the state-run firm affirmed.

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Tags:  Miguel Galuccio  YPF  investment  UIA  


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