Friday
December 19, 2014
Wednesday, February 26, 2014

'Argentina will end up paying much more' for Repsol compensation

For economist and PRO party congressman Federico Sturzenegger, the Argentine government will end up paying much more than what it agreed with Spanish Repsol to settle a compensation for YPF expropriation.

"Aregtnina agreed to pay 5 billion dollars, but it will end up paying 11 billion dollars”, the economist said today.

“The government accepted what we had proposed in the first place,” Sturzenegger said  recalling his political force warned at that time the government had to immediately compensate the Spanish oil company when expropriating it to avoid a collapse in foreign investment.

He added “oil and gas production in Argentina fell 7 percent, there haven’t been investments, Vaca Muerta is lost, and as YPF cannot be financed, gasoline prices have doubled.”

“The government takes over companies and then begs for investors to come,” he told a radio show.

“We need coherence, to think in the long term,” he concluded.

  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  Repsol  Argentina  YPF  compensation  





22
  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment




Grupo ámbito    ámbito financiero    ambito.com    Docsalud     Premium        El Ciudadano    El Tribuno    Management

Director: Orlando Mario Vignatti - Edition No. 4345 - This publication is a property of NEFIR S.A. -RNPI Nº 5177376 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA