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Wednesday, March 21, 2012

Cabinet Chief doesn't rule out measures regarding YPF

Cabinet Chief, Juan Manuel Abal Medina, told state-run news agency Telam that the government “cannot discard taking measures regarding Repsol-YPF oil giant”, after President Cristina Fernández de Kirchner's administration accused the company of not investing enough to revert its production’s fall.

Last week, Abal Medina had said that Fernández de Kirchner was not looking to nationalize the company in a move aimed to bring calm to the markets which witnessed YPF shares dropping close to its historic minimum.

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Tags:  abal  medina  YPF  oil  sanctions  measures  


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