Sunday
November 23, 2014
Results for: ypf
  • 16/10/2014 | Argentina

    Macri wants to 'settle' with vultures to 'kick them out' of Argentina

    BA City Mayor Mauricio Macri said the nationalization of YPF, the Universal Child Allowance cash transfer and the public pension system will not be at risk if he gets elected president next year. Still, the PRO party leader ratified his intentions to "settle up" with vulture funds.

  • 21/10/2014 | Argentina

    Lower House committees clear hydrocarbons bill for debate

    The committees of Constitutional Affairs, Energy and Budget have cleared the hydrocarbons bill for debate in the Lower House, even though a new plenary will be held on Thursday to further discuss the project, which has already been approved by the Senate.

  • 10/11/2014 | Argentina

    Gov’t on Chevron-YPF deal: ‘There are no secret clauses’

    Cabinet chief Jorge Capitanich denied reports of secret clauses in the deal State-owned YPF energy firm has signed with Chevron for an investment of u$s 1,500 millions in Vaca Muerta shale oil and gas field. “Everything in the contract is standard for (contracts) with multinational companies,” Capitanich stated.

  • 01/10/2014 | Argentina

    Senate committees approve Hydrocarbon bill

    After hearing from YPF president Miguel Galuccio, a plenary of Senate committees has approved reforms to the Hydrocarbons law, sending the bill for debate in the Upper House where it will be voted on Wednesday October 8.

  • 08/10/2014 | Argentina

    YPF signs u$s 1 billion deal with Russia's Gazprom

    State-owned petroleum company YPF has reached a u$s 1 billion deal with Russia’s Gazprom for gas exploration and production, Argentina’s Industry Minister Débora Giorgi announced.

  • 15/10/2014 | Argentina

    ‘PRO party has proposals, not abrogations’

    PRO lawmaker Federico Pinedo said that his party has “proposals, not abrogations” when asked about recent remarks made by opposition lawmakers who pledged to abrogate laws passed during the Kirchnerite administration if they won the 2015 elections.

  • 02/09/2014 | Argentina

    Gov't says fuel prices 'to be maintained in 2014' after 4% hike

    Cabinet Chief Jorge Capitanich referred to the 4% increase in fuel prices by state-controlled energy firm YPF, the seventh hike this year. The official stated that the companies will most likely “maintain current prices during the course of the year.”

  • 14/09/2014 | Argentina

    YPF’s Galuccio: ‘If gas prices didn't increase we would be bankrupt’

    YPF oil and gas state company President Miguel Galuccio pointed out the company’s “commitment to the country” and said that the increase in gas prices is needed in order to sustain “strong investment levels.”

  • 23/09/2014 | Argentina

    Gov’t calls for oil investments, says country is in ‘transition stage’

    Cabinet chief Jorge Capitanich explained that the country currently imports u$s 12 billion dollars in energy but said that “strenuous efforts” are being made to increase local oil production and urged private companies to raise investment levels.

  • 15/08/2014 | Argentina

    Billionaire Soros buys 3.5 stake in YPF

    Billionaire hedge-fund titan George Soros has acquired more than 8.47 million depositary shares of Argentina’s YPF, a move that accounts for 3.5 percent of the energy company.

  • 20/08/2014 | Argentina

    CFK: Those who invested in stocks earned more than with dollar

    President Kirchner emphasized the need to amplify “the local financial market so we will not depend on foreign fluctuations,” during the celebration of Buenos Aires Stock Market 160th anniversary.

  • 24/08/2014 | Argentina

    YPF unearths gas, petroleum reserve in Santa Cruz

    State-owned petroleum company YPF has announced the discovery of new gas and oil reserves in the province of Santa Cruz, with the potential to produce more than 200,000 cubic metres of gas and 370 barrels of oil per day.

  • 21/07/2014 | Argentina

    Vulture funds ‘voracious at seizing real assets,’ Gov’t says

    The Cabinet Chief Jorge Capitanich has blasted once again the holdout hedge funds accusing them of being after YPF-Chevron assets in ressources-rich Vaca Muerta region. “If anything is clear it is their voracity to seize real assets,” he stated.

  • 30/07/2014 | Argentina

    YPF stocks plummet during Kicillof conference

    New York futures stocks in petroleum company YPF dropped 3.6 percent during Economy minister Axel Kicillof's press conference this evening, as the politician announced that there was no agreement with holdout investors in order to avoid default.

  • 31/07/2014 | Argentina

    Bonds fall, country risk climbs on vulture funds dispute concerns

    Shares and bonds plunged as investors react to the failed negotiations between Argentina and holdout hedge funds. In the Buenos Aires City stock market the Merval index closed down by 8.4% to 8,187.99 points, far from yesterday’s record 6.9% climb.

  • 09/06/2014 | Argentina

    CFK meets with governors to define new hydrocarbons law

    President Cristina Fernández de Kirchner today received the governers of several petroleum-producing provinces in the official government residence in Olivos, as part of discussions ahead of the announcement of a new hydrocarbons law.

  • 10/06/2014 | Argentina

    ‘Energy self-sufficiency needs to be a joint effort between national and provincial gov'ts’

    Cabinet Chief Jorge Capitanich referred to President Cristina Fernández de Kirchner’s meeting with governors of several petroleum-producing provinces. He said the discussion ended with a draft for a federal agreement regarding a reform to the hydrocarbon law.

  • 19/07/2014 | Argentina

    Scioli visits Vaca Muerta shale gas deposit: ‘We should all be proud’

    Buenos Aires governor, Daniel Scioli visited today Vaca Muerta shale gas deposit in Nequén province, where he met with his par Jorge Sapag and YPF CEO Miguel Galuccio.

  • 21/05/2014 | Argentina

    YPF confirms discovery of Chubut oil, gas deposits

    YPF oil company head, Miguel Galuccio, revealed today the finding of unconventional deposits of hydrocarbons in Chubut province, during a meeting with local governor Martín Buzzi.

  • 22/05/2014 | Argentina

    YPF's Chubut finding 'broadens Argentina's energy horizon'

    Chubut province Governor Martín Buzzi has praised the announcement by YPF saying the finding of shale oil and gas in the San Jorge basin “broadens a lot the country’s horizon of oil and gas reserves.”

  • 01/06/2014 | Argentina

    YPF confirms gas field discovery in Mendoza

    The state-owned petroleum company YPF has announced the finding of a new tight gas field in the Mendoza district of Paso de las Bardas norte, with the potential to extract up to 25 million barrels of the fuel.

  • 24/04/2014 | Argentina

    Congress passes YPF deal

    Lower House passed the law to pay Spanish Repsol 5 billion dollars in bonds to compensate for the 2012 nationalization of Argentina's energy company YPF.

  • 13/05/2014 | Argentina

    Federal Court ratifies YPF-Chevron deal investigation

    Federal Court second chamber ratified a previous ruling, and ordered the advance of the investigation of the agreement signed between state own oil company YPF and Chevron Corporation.

  • 14/05/2014 | Argentina

    Gov’t says Chevron deal investigation aims to ‘affect the country’s strategic interests”

    Asked about Federal Court order to investigate into the agreement signed between state-owned oil company YPF and Chevron Corporation, Cabinet Chief Jorge Capitanich considered the reactivation of the case “strange” and said there are foreign and local agents “trying to break the government’s credibility.”

  • 28/03/2014 | Argentina

    Repsol shareholders seal Argentina deal

    Shareholders of Spain's Repsol approved the oil major's $5 billion settlement with Argentina over the 2012 seizure of YPF at an annual meeting today.

  • 08/04/2014 | Argentina

    Lower House plenary session debates YPF-Repsol deal

    Economy Minister Axel Kicillof, the Legal and Technical Secretary Carlos Carlos Zannini, and the head of YPF Miguel Galuccio were attending today a plenary session held by the Energy and Budget committees at the Lower House to provide details about the agreement signed between the Argentine government and Spanish Repsol on YPF's expropriation.

  • 10/04/2014 | Argentina

    Chevron, YPF boost spending to develop Argentine shale

    Chevron Corp and state-controlled YPF SA plan to spend an additional $1.6 billion to develop the Vaca Muerta shale formation further, boosting plans for new wells and announcing fresh exploration projects.

  • 19/03/2014 | Argentina

    YPF-Repsol deal to be debated in Senate after commission approval

    A bill supporting the agreement with Spanish corporation Repsol over the expropriation of YPF will be voted on by the Senate next Wednesday, after members of two Upper House commissions today cleared the project for debate.

  • 23/03/2014 | Argentina

    YPF blaze 'under control', 13 injured after explosion

    State-owned petroleum company YPF has informed that a fire which started at a refinery in  Mendoza is now under control, after the blaze raged for almost two days and caused massive disruption in the province.

  • 27/03/2014 | Argentina

    Senate approves YPF-Repsol settlement

    After a marathon session which ended early this morning the Senate approved the US$5 billion compensation for the expropriation of 51 percent of YPF shares from Repsol.

  • 11/03/2014 | Argentina

    YPF discovers 15m barrel oil field in Río Negro

    State-controlled energy company YPF has announced the discovery of an oil field in the province of Río Negro, with the potential to supply up to 15 million barrels of crude. The oil field is 3,154 meters deep and could provide a potential extraction of 6,000 liters per hour.

  • 13/03/2014 | Argentina

    Kicillof : No winners or losers in YPF-Repsol deal

    Economy Minister Axel Kicillof has assured that the compensatory agreement reached with Repsol was "friendly”, and asserted there were "no winners nor losers" in negotiations over the nationalisation of YPF.

  • 18/03/2014 | Argentina

    Senate commission ready to sign approval of YPF-Repsol deal

    Government senators will tomorrow sign committee approval for the deal that will compensate Repsol for the expropriation of a majority of YPF shares, in spite of criticism from indigenous groups, specialists and opposition figures who questioned the figures for the petroleum company and the environmental impact.

  • 27/02/2014 | Argentina

    Capitanich says 'absolute disaster' if opposition ruled Argentina

    As he affirmed that YPF will become Argentina’s “flagship” to foster investments and reach energy self-sufficiency, the cabinet chief responded to the criticism by the opposition over the compensation deal settled this week with Spain’s Repsol.

  • 27/02/2014 | Argentina

    Repsol signs agreement for YPF expropriation

    In Buenos Aires City, the Federal Government led by President Cristina Fernández de Kirchner officialised the compensation agreement with Spanish Oil Company Repsol, and signed a 5 billion dollar deal for 51 percent of YPF shares.

  • 10/03/2014 | Argentina

    YPF chief forecasts 3% production growth for 2014

    Argentine oil company YPF expects to raise its oil production by 3 percent in 2014 compared to 2013, its president Miguel Galuccio said today.

  • 26/02/2014 | Argentina

    '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.

  • 26/02/2014 | Argentina

    Kicillof defends Repsol deal after opposition criticism

    Economy Minister Alex Kicillof has answered opposition critics of the agreement to pay Repsol for the 51 percent of YPF shares expropriated in 2012, asserting that the amount set by the accord was an appropriate settlement with the Spanish corporation.

  • 26/02/2014 | Argentina

    US calls Gov't, Repsol agreement 'a positive step'

    The US government expressed its approval for the compensation agreement signed between Argentina and Repsol over the expropriation of YPF shares, defining it as “a positive step,” a State Department spokesperson said.

  • 25/02/2014 | Argentina

    Kicillof: 'Repsol accord meets Hydrocarbon Sovereignty Law'

    Economy Minister Axel Kicillof announced Repsol's acceptance of a compensation package from the Argentine government following the expropriation of YPF in 2012, stating that the deal represents a positive conclusion to the legal wranglings.

  • 25/02/2014 | Argentina

    'Agreement is extremely positive,' Brufau says

    "I think to finally reach a friendly agreement on this contentious issue that has taken two years is extremely positive," Repsol Chairman Antonio Brufau said in a video message that accompanied a statement on the terms of the deal.

  • 26/02/2014 | Argentina

    Repsol chairman: YPF deal 'satisfactory'

    Spain's Repsol is considering the sale of its remaining 12 percent stake in Argentine energy group YPF, its chairman said today, following a settlement with Argentina over the 2012 seizure of its majority stake.

  • 21/02/2014 | Argentina

    Repsol, Argentina reach $5 billion settlement deal

    Spain's Repsol said today it would book a 1.28 billion euro ($1.76 billion) impairment charge in 2013 results after writing down YPF shares that were expropriated by the Argentine government.

  • 25/02/2014 | Argentina

    Capitanich: Repsol compensation deal 'positive'

    The Repsol compensation deal is “positive” as it will pave the way for Argentina’s energy self-sufficiency, the cabinet chief affirmed this morning.

  • 25/02/2014 | Argentina

    Repsol board approves $5 billion YPF settlement

    Spanish oil major Repsol said its board of directors had approved a definitive $5 billion settlement from Argentina over assets seized in 2012, drawing a line under a two-year battle for compensation. Repsol will receive a package of three dollar-denominated Argentine sovereign bonds with a nominal value of $5 billion as well as additional bonds - for a maximum face value of up to $1 billion - to compensate for the market discount on the first group of bonds.

  • 13/12/2013 | Argentina

    Economy Minister praises YPF role in energy sector recovery

    Economy Minister Axel Kicillof today praised the role of YPF oil giant in the recovery of the energy sector and urged other companies to maintain and increase their investments for Argentina to become self-sufficient in energy production.

  • 09/01/2014 | Argentina

    Capitanich denies Galuccio resignation

    Cabinet Chief Jorge Capitanich denied that Miguel Galuccio, YPF’s CEO would resign from his position in the national oil company, during a press conference at the Government House.

  • 13/02/2014 | Argentina

    Government defends Apache purchase deal

    Leadership of YPF is key for energy self-sufficiency, the cabinet chief told reporters as he defended yesterday’s agreement that involved the purchase of all operations of the US-based oil and gas company Apache by Argentina’s state-run firm.

  • 01/12/2013 | Argentina

    Shale of the century

    By Martín Gambarotta
    There’s now a fair chance that Argentina’s future will be bright. Think of the soyfields. Think of Vaca Muerta, the vast oil and natural gas field. But for now Argentina is still one big argument about its present.

  • 03/12/2013 | Argentina

    Argentina needs 'foreign support,' YPF's Galuccio

    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.

  • 03/12/2013 | Argentina

    Brufau: Compensation must be enough to 'drop complaint'

    Th Repsol head referred to the deal reached between Buenos Aires and the Spanish company to settle a compensation agreement over the expropriation of YPF last year. “The more the better,” he said.

  • 28/11/2013 | Argentina

    CFK praises Madrid's 'active role' in Repsol deal

    Cristina Fernández de Kirchner personally contacted the Spanish PM to express gratitude for the “active rople” played by Madrid’s Industry, Energy and Tourism Minister José Manuel Soria in the YPF-Repsol deal.

  • 29/11/2013 | Argentina

    'Agreement with Repsol will improve Argentina's foreign ties,' Macri

    The Buenos Aires City Mayor renewed his support of the deal reached this week with Repsol saying the accord will “improve Argentina’s relation with the world.” Mauricio Macri expressed his hopes that an upcoming meeting with cabinet chief Jorge Capitanich would represent a “change” in the government-opposition ties.

  • 01/12/2013 | Argentina

    A trying time for true believers

    By James Neilson
    For any government, changing course just because circumstances demand it is a difficult operation. For one that has invested so much time, effort and public money in strident propaganda as Cristina’s, it is even harder than it would be for most.

  • 26/11/2013 | Argentina

    Kicillof defends Repsol agreement: 'Turning point' for YPF

    Economy Minister Axel Kicillof has defended yesterday's landmark agreement with Repsol to compensate the Spanish corporation, stating that if the pact was confirmed it could prove to be a "turning point" for state-owned petroleum company YPF.

  • 27/11/2013 | Argentina

    Repsol's board accepts YPF compensation deal

    The Repsol’s Administrative Council has accepted the preliminary agreement reached among Argentina, Mexico and Spain involving a compensation for the expropriation of the Spanish firm’s 51 percent stake in the energy giant YPF.

  • 28/11/2013 | Argentina

    'It was impossible not to pay Repsol,' Kicillof

    The Economy Minister celebrated the news about the compensation deal but made clear Argentina was not planning to pay “what the Spanish firm demanded.” Such numbers -Kicillof affirmed- were “way far” from the company's scope.

  • 26/11/2013 | Argentina

    Repsol-YPF deal a 'path' to investments

    The YPF compensation agreement is a “path that will allow to keep creating mechanisms of investment” in the hydrocarbon sector, Cabinet Chief Jorge Capitanich told reporters this morning while holding a press conference at the government house.

  • 26/11/2013 | Argentina

    Macri: YPF compensation deal 'positive'

    Opposition PRO party would support the agreement over the expropriation of YPF if the deal is set under “reasonable parameters,” the Buenos Aires City mayor said today as he expressed "enthusiasm and optimism" about his coming meeting with Cabinet Chief Jorge Capitanich.

  • 26/11/2013 | Argentina

    Buenos Aires stocks gain 3% boosted by YPF, Edenor

    The Merval benchmark stock index climbed 3 percent today to finish at 5,696.2 points, following a strong hike in YPF and Edenor stocks. YPF shares soared 11 percent higher, while Edenor saw prices close 19 percent up at the end of trading.

  • 07/11/2013 | Argentina

    Repsol says 'no progress' in YPF compensation deal

    Negotiations between Spanish oil company Repsol and Argentina’s government have reached no progress in settling a compensation agreement over the expropriation of the YPF energy giant last year, Repsol’s financial manager Miguel Martínez said today.

  • 14/11/2013 | Argentina

    Gov't criticises Spain for ending biodiesel exports

    The government of Argentina has filed a formal complaint against Spain over its decision to close the market for the nation's biodiesel, while defining the measure as “discriminatory” and arguing “an illegitimate and protectionist policy”.

  • 25/11/2013 | Argentina

    Gov't announces preliminary agreement over Repsol compensation

    The dispute between the Argentine government and Repsol over the expropriation of petroleum company YPF has shown some signs of cooling, with the Ministry of Economy today announcing that they had reached an "agreement in principle" for compensating the Spanish corporation.

  • 30/08/2013 | Argentina

    YPF-Chevron deal: Neuquén governor targets 'exporting lobbies'

    Amid soaring tensions over the YPF-Chevron deal, governor of the province of Neuquén where the Vaca Muerta project is due to conclude Jorge Sapag defended the agreement and targeted what he called “exporting countries’ lobbies” to stop its development.

  • 10/09/2013 | Argentina

    'Call me miserable when I rule, I don't mind,' Macri

    Paying Spain’s Repsol for the expropriation of YPF and the re-privatization of Argentina’s flag carrier might be among BA City Mayor Mauricio Macri decisions if he gets to the presidency in 2015, he told reporters today.

  • 24/09/2013 | Argentina

    YPF, Dow sign accord for El Orejano’s shale gas joint venture

    State-owned oil company YPF has signed a final agreement with the Argentine unit of The Dow Chemical Company to explore shale gas reserves in El Orejano, Neuquen.

  • 28/08/2013 | Argentina

    Neuquén politicians approve YPF-Chevron agreement

    The Neuquén legislature has approved by a comfortable majority the agreement struck between YPF and Chevron to exploit the Vaca Muerta shale gas reserves, after a day disrupted by fierce protests outside the provincial parliament.

  • 29/08/2013 | Argentina

    Fuming in Neuquén

    Riot police fired rubber bullets and tear gas at anti-Chevron protesters who allegedly tries to know down the fence surrounding the Neuquén legislature building where MPs addressed and passed the controversial deal yesterday. One activist was reported to have been shot in the chest and taken to a local hospital while more than 20 people resulted injured.

  • 29/08/2013 | Argentina

    YPF CEO defends accord with Chevron to fight 'energy deficit'

    The YPF CEO Miguel Galuccio admitted Argentina "has the serious energy deficit" and defended the deal with Chevron to exploit the Vaca Muerta shale gas reserves as the way to change the situation.

  • 28/07/2013 | Argentina

    The lady is for turning

    By James Neilson
    Cristina often lets it be known that she is a dyed-in-the wool Keynesian, so it may be assumed that she takes comfort from the sage’s contemptuous dismissal of consistency. She certainly needs some.

  • 01/08/2013 | Argentina

    Opposition files injunction against YPF-Chevron agreement

    UNEN party pre-candidates Fernando “Pino” Solanas and Fernanda Reyes filed an injunction against the agreement between YPF and US oil giant Chevron, at the Appeals Chamber of Buenos Aires.

  • 12/08/2013 | Argentina

    YPF posts higher recurring profit, takes big charge

    State-controlled energy company, YPF, said second-quarter recurring profit rose 31 percent from a year earlier, and the company also disclosed a multimillon-peso charge related to an adverse arbitration ruling.

  • 18/07/2013 | Argentina

    Kicillof affirms YPF-Chevron agreement a '50/50 joint venture'

    Deputy Economy Minister Axel Kicillof defended the YPF-Chevron agreement that has prompted strong criticism over the past days. The US giant comes to team up with Argentina’s state-run company, not to “take away” the hydrocarbon market.

  • 21/07/2013 | Argentina

    Fracking controversy arrives in Argentina

    By Fermin Koop
    Argentina will try to reverse a long decline in natural gas and oil production with the deal YPF energy company signed on Tuesday with Chevron to invest US$1.24 billion in developing the country’s shale deposits.

  • 24/07/2013 | Argentina

    Neuquén governor ratifies YPF-Chevron shale deal

    Jorge Sapag, the governor of Neuquén province, has signed into law the agreement between YPF and Chevron to exploit the shale oil reserves located in the Vaca Muerta region of his district.

  • 16/07/2013 | Argentina

    YPF shares boost Buenos Aires' Merval

    Buenos Aires' Merval benchmark stock indez edged up 0.9 percent today to 3,378.31 points, boosted by YPF shares which climbed 2.8 percent after the government unveiled yesterday an oil incentive scheme.

  • 16/07/2013 | Argentina

    Chevron & YPF sign $1.24 billion Vaca Muerta shale deal

    US oil company Chevron has signed an agreement with YPF to invest $1.24 billion in the vast Vaca Muerta shale oil and gas formation, thought to be one of the biggest reserves in the western hemisphere.

  • 17/07/2013 | Argentina

    Government defends Chevron deal: We need funds for Vaca Muerta

    The Argentine government, represented by senator Aníbal Fernández, has defended its decision to sign a deal between Chevron and YPF, stating that it had a responsibility to "join with those who have the money" to exploit massive shale oil reserves in Vaca Muerta.

  • 16/05/2013 | Argentina

    BA stocks edge down by 0.4 % on black market dollar concerns

    The Merval benchmark index was trading 0.5 lower at 3.706,71 points on concerns about the black market dollar, after opening higher pushed by YPF bonds.

  • 31/05/2013 | Argentina

    Repsol's Brufau threatens to take legal actions against Argentina

    Head of Repsol Antonio Brufau threatened to take legal actions against Argentina’s allegations accusing him of “irregular payments” during the Spanish administration of YPF.

  • 12/06/2013 | Argentina

    CFK urges people to make 'a big effort to defend the Government'

    President Cristina Fernández de Kirchner urged workers and entrepreneurs present during a rally in Luján de Cuyo, in Mendoza, "not to fail people” and to "take care of the Government". She was attending the opening ceremony of YPF’s two new fuel production plants.

  • 26/03/2013 | Argentina

    YPF, Dow sign shale preliminary agreement

    Oil company YPF signed a preliminary agreement (memorandum of understanding) with US petrochemical Dow Chemical in hopes of the joint development for building a natural supply in the country’s first shale gas discoveries in “El Orejano,” in the Neuquén province.

  • 09/04/2013 | Argentina

    La Plata YPF refinery back to operations in 30-45 days

    YPF CEO Miguel Galuccio announced that the company’s La Plata refinery will return to operations in 30-45 days after the fire that shut down the 188,000 barrel-per-day facility last week.

  • 15/05/2013 | Argentina

    YPF, Chevron sign deal on Vaca Muerta

    The state oil company YPF signed an agreement with US oil major Chevron Corp to define the terms and conditions of Chevron's investment of up to $1.5 billion in vast Vaca Muerta shale field.

  • 27/12/2012 | Argentina

    YPF announces petrol price hike

  • 13/02/2013 | Argentina

    'We've halted the decline in oil production'

    President Cristina Fernández de Kirchner led the inauguration ceremony of a new oil exploration field in Chubut province and assured that “Argentines are capable of managing our corporations efficiently and effectively, and we don’t need to be foreigners to do that.”

  • 06/03/2013 | Argentina

    YPF to issue 500 million pesos worth of bonds

    YPF state-owned oil company announced that they will issue two sets of convertible bonds that combined are worth 500 million pesos, the equivalent to US$230 million according to the official exchange rate.

  • 07/12/2012 | Argentina

    YPF sees deals with Bridas, Chevron before end 2012

    Energy company YPF expects to finalise an agreement with Bridas Holding for it to make a substantial invesmtent in YPF's shale assets before the end of 2012, YPF's chief executive said today.

  • 16/12/2012 | Argentina

    YPF sells 323M pesos worth of bonds

    YPF closed its first bond sale oriented toward small investors after selling 323 million pesos worth of bonds to more than 10,000 investors. The offer had been accompanied by a media blitz campaign aimed at attracting investors throughout the country.

  • 19/12/2012 | Argentina

    YPF, Chevron clinch deal for Vaca Muerta exploration

    The CEO of oil company YPF, Miguel Galuccio, announced a deal with US energy corporation Chevron to exploit the Vaca Muerta mega-fields of unconventional oil, located in the Neuquén province.

  • 18/09/2012 | Argentina

    'Repsol came here to empty-out YPF,' Kicillof says

    With the presence of Cabinet Chief Juan Abal Medina, YPF CEO Miguel Galuccio, and Deputy Economy Minister Axel Kicillof, the government presented the “Mosconi Report”, a balance of Spaniard group Repsol's long spell in command of the energy giant from 1999 to 2012, at the National Library.

  • 29/11/2012 | Argentina

    YPF takes control of Metrogas

    YPF announced it has taken control of Metrogas, after acquiring 54.67 percent of the shares of Gas Argentino (GASA) from the company British Gas (BG).

  • 05/12/2012 | Argentina

    'YPF would have suffered same fate as Aerolíneas had I not nationalized it'

    While giving a televised speech, President Cristina Fernández de Kirchner assured that “Argentines are the true owners of the 51 percent of YPF stock” and added that “the state and all that is a part of it are above ideology and people.”

  • 23/08/2012 | Argentina

    De Vido, Galuccio present YPF exploration plan

    Planning Minister Julio De Vido and YPF's energy company CEO Miguel Galuccio presented the Argentina Exploring Plan that will launch the exploring activities in new areas and will reach provinces that lack hydrocarbon tradition.

  • 30/08/2012 | Argentina

    Galuccio presents YPF US$37.2 billion plan

    Miguel Galuccio, President and CEO of recently expropriated YPF, presented an assessment report on his first 100 days in charge of the oil and gas giant, and launched a new US$37.2 billion plan for the 2013-2017 period.

  • 04/09/2012 | Argentina

    YPF, Gazprom move forward in joint gas exploration

    Argentine oil company YPF moved forward in the signing of an agreement with Russian state oil company Gazprom to develop conventional and nonconventional gas in Argentina and the eventual supply of liquefied gas.

  • 03/08/2012 | Argentina

    Argentina, Venezuela ratify YPF-PDVSA strategic alliance

    Argentina and Venezuela gave their first step in the creation of an energy strategic alliance between oil companies YPF and PDVSA, after the agreement signed by President Cristina Fernández de Kirchner and her Venezuelan counterpart, Hugo Chávez, in Brasilia last Tuesday.

  • 13/08/2012 | Argentina

    YPF to issue $760 million in bonds

    Argentina's YPF will issue bonds for 3.5 billion pesos ($760 million) as part of its push to reduce fuel imports by investing in domestic output, the state-controlled energy company said in a letter to regulators today.

  • 23/08/2012 | Argentina

    YPF's Gallucio asks for more private investments to expand Argentina's oil production

    YPF's energy company CEO Miguel Galuccio presented today the results of a plan to maximize the country’s energy capacity entitled "Argentine Exploration Plan" at a five-star hotel downtown.

  • 27/06/2012 | Argentina

    Spain: Argentine decision over YPF will affect investments

    The Spanish government blasted Argentina once again today for partially expropriating 51% stake of the previously Spanish run YPF oil company.

  • 29/06/2012 | Argentina

    YPF's shares trade normally at NYSE

    Oil company YPF informed today that its shares have been removed from the Below Compliance index at the NYSE and trading in normal circumstances as the audit to comply with the US market regulations is over and a new Board of Directors has been seated.

  • 20/07/2012 | Argentina

    YPF buys back $79 million in 2028 bonds

    Recently nationalized energy company YPF bought back $79 million in 2028 bonds, a stock market filing showed today.

  • 12/06/2012 | Argentina

    Moody's slashes Repsol's rating after YPF's seizure

    Moody's Investors Service decided to slash the long-term rating of Spanish oil company Repsol after the Argentine government expropriated 51% stake of Argentina based YPF, formally run by Repsol.

  • 14/06/2012 | Argentina

    Slim buys 8.4% of YPF shares

    Mexican billionaire Carlos Slim announced today that he bought shares of Argentine oil company YPF and said that he sees potential in the company, which could have one of the largest oil and non conventional gas in the world.

  • 15/06/2012 | Argentina

    CFK stresses Argentina’s economic stability, promising future’ during lunch with executives in NY

    “Argentina has a promising future,” President Cristina Fernandez de Kirchner told US executives during a lunch today at the Council of the Americas in New York.

  • 01/06/2012 | Argentina

    De Vido, Kicillof hold press conference over YPF

    Planning Minister Julio De Vido and Deputy Economy Minister Axel Kicillof were holding a press conference at the Economy Ministry today.

  • 01/06/2012 | Argentina

    'We could prove the damage Repsol had caused to YPF'

    Planning Minister Julio De Vido and Economy Vice-Minister Axel Kicillof held today a press conference at the Economy Ministry to unveil the latest report about YPF's situation after the government’s takeover which, they announced, has concluded.

  • 05/06/2012 | Argentina

    'We took the most convenient measures to address YPF's situation,' CFK

    President Cristina Fernández de Kirchner said that she took "the most convenient measures to address YPF's situation" and assured that the oil company has "an absolutely professional staff, but will continue to be aligned with the country's interests."

  • 29/05/2012 | Argentina

    Repsol awaits 'new Argentine gov't' to discuss YPF compensation

    Repsol president Antonio Brufau disclosed today the company’s hopes for a “new Argentine government” in order to discuss the compensation given to the Spanish petrol giant, following the expropriation of YPF.

  • 31/05/2012 | Argentina

    Repsol regains YPF 6% stake as Petersen Group fails to meet debt payments

    Spain-based energy Group Repsol regained rights on a 6 percent warranty-stake in the oil and gas giant YPF after the Petersen Group, which used to own 25.46 percent of the company, lost it as the result of not having met payments for the loan through which they initially enter the business without paying a single cent.

  • 31/05/2012 | Argentina

    Repsol shareholder says 'what Argentina did was an act of piracy'

    "This was an act of piracy," Repsol shareholder Rafael Gonzalez said at the company's annual meeting in Madrid, pleading with Chairman Antonio Brufau to keep up the fight against Argentina.

  • 18/05/2012 | Argentina

    Repsol cancels liquefied natural gas cargoes to Argentina

    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 today by international news agency Reuters showed.

  • 21/05/2012 | Argentina

    German oil giant unfazed by YPF's seizure

    Germany's Wintershall, the oil and gas arm of chemicals group BASF, said today it was unperturbed by the enforced nationalisation of Argentine oil company YPF, having just been awarded another oil and gas licence there.

  • 26/05/2012 | Argentina

    Gov't :'YPF seizure was done to avoid an energy crisis'

    The Government explained that the YPF seizure was carred out "in order to avoid an energy crisis" in an article which was published in the US edition of The Financial Time newspaper and signed by Ambassador Jorge Argüello.

  • 16/05/2012 | Argentina

    Gov’t extends YPF intervention for 30 days

    President Cristina Fernández de Kirchner extended for another 30 days the government’s intervention on recently partially nationalized oil company YPF. The decree 732/2012 was published today on the nation’s Official Gazette.

  • 16/05/2012 | Argentina

    YPF admits NYSE shares could be delisted

    State-controlled Argentine energy company YPF said it risks having its American Depositary Shares (ADS) delisted by the New York Stock Exchange since it is not complying with all regulatory requirements.

  • 18/05/2012 | Argentina

    'The best solution to the YPF seizure standoff is a negotiated agreement', EU Ambassador

    The European Ambassador to Argentina, Spanish native Alfonso Díez Torres, stressed today that the solution for the YPF seizure conflict would be “a negotiated agreement” between Argentina and Repsol.

  • 08/05/2012 | Argentina

    'Many times we were told we would be shut out from the world, yet here we are,' CFK

    President Cristina Fernández de Kirchner assured on Tuesday that “all decisions made” regarding nationalizations “are not rooted in ideology or populist decisions. It’s the disaster caused by the concessionary companies that forces us to intervene,” she said in reference to the AySA water company, nationalized in 2006.

  • 11/05/2012 | Argentina

    Rumours spur over who will be YPF's second in command

    Days after Miguel Galuccio was appointed as the CEO of oil and gas firm YPF, following the expropriation of 51% of the company’s shares was passed by the Congress, rumours began to circulate over who will be vice-president of the company. Early reports indicate that Juan Martín Gandolfo, an engineer has been put forward for the role.

  • 15/05/2012 | Argentina

    Repsol says starts legal process over YPF seizure

    Spanish oil major Repsol said today it had taken the first step in a process to pursue legal action against Argentina for seizing energy firm YPF.

  • 07/05/2012 | Argentina

    Galuccio hosts first meeting as YPF head, pledges to unveil strategic plan in the next 100 days

    Newly appointed YPF General Manager Miguel Galuccio hosted his first official meeting as the recently nationalized YPF Oil Company president and promised to come out with a strategic plan to increase the group’s productivity.

  • 08/05/2012 | Argentina

    Macri blasts Nat'l gov't for YPF 'confiscation', Subte handover

    Buenos Aires City Mayor Mauricio Macri lashed out at Cristina Fernández de Kirchner administration today for the expropriation of YPF shares and the controversial Subte system handover.

  • 08/05/2012 | Argentina

    Boudou assures Argentina is open to trade; backs YPF expropriation

    Vice-President Amado Boudou stressed today Argentina’s openness to international trade and defended the government’s decision to partially expropriate shares from oil company YPF during a speech at the Council of the Americas held at the US State Department, in Washington DC.

  • 04/05/2012 | Argentina

    Miguel Galuccio to head YPF

    President Cristina Fernández de Kirchner presented Engineer Miguel Galuccio as the new head of YPF, after enacting the law over the nationalization of the oil company.

  • 05/05/2012 | Argentina

    Galuccio: ‘YPF will push through’

    The new president of oil and gas company YPF, Miguel Galuccio, said today that he feels “hugely proud” for being appointed his new position, while assuring that the petrol giant “will push through.”

  • 07/05/2012 | Argentina

    YPF expropriation law comes into effect

    The decision of the national government of seizing control of YPG oil and gas giant came into effect today as a decree was published on the Official Gazette.

  • 04/05/2012 | Argentina

    'Spain needs to accept Argentina's sovereign decision,' Pichetto

    The head of the Senate's Victory Front bloc Miguel Angel Pichetto today stated that “Spain needs to accept the sovereign decision made by Argentina,” in reference to the expropriation of oil and gas giant YPF, which last night was approved by a wide majority in the Congress.  

  • 04/05/2012 | Argentina

    YPF expropriation: Randazzo praises 'overwhelming majority' of votes in Congress

    Interior Minister Florencio Randazzo, highlighted the ‘overwhelming majority’ of votes in favour of the YPF expropriation bill, approved at Congress last night, and recognized the “nobility and support from non-Kirchnerite politicians.”

  • 04/05/2012 | Argentina

    CFK enacts YPF nationalization law

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

  • 03/05/2012 | Argentina

    'YPF will be a big challenge for us,' CFK

    President Cristina Fernández de Kirchner assured that "YPF will be a great challenge for us," as the Lower House is set to pass the bill of nationalization of the oil company later today.

  • 03/05/2012 | Argentina

    Kirchnerite organizations celebrate YPF expropriation

    Kircherite organizations gathered outside Congress to celebrate the nationalization of YPF, which was approved by the Lower House shortly after 9.30 pm by a wide margin of votes. They are led by Vice-president Amado Boudou, Cabinet Chief Juan Abal Medina and the President's daughter, Florencia Kirchner.

  • 03/05/2012 | Argentina

    Domínguez highlights opposition support to approve YPF bill

    The head of the Lower House of Congress, Julián Dominguez, highlighted the support of the opposition lawmakers to approve the law that allows the expropriation of 51 percent of the YPF shares currently owned by Spain's Repsol.

  • 02/05/2012 | Argentina

    Lower House debates YPF draft bill

    The Lower House of Congress began the YPF draft bill debate over the expropriation of the oil company that has been already preliminary approved by the Senate. The session went on until midnight and will go on a recess to continue today at 10am. The government-sponsored bill will determine the expropriation of the 51 percent of the shares of YPF so far owned by Spain-based energy company Repsol.

  • 03/05/2012 | Argentina

    Lower House approves YPF expropriation bill

    After a two-day session, lawmakers in the Lower House voted in favour of the YPF expropriation bill, which was passed by 207 votes supporting the move against 32 against it. Six lawmakers abstained from voting. Only a week ago, the Senate had preliminarily approved the bill that calls for the expropriation of a 51 percent of the YPF shares.

  • 03/05/2012 | Argentina

    UCR's Deputy Aguad says party backs YPF expropriation due to 'pressures'

    Radical Party’s Oscar Aguad assured today that a large majority of his Radical fellow-lawmakers reject the YPF draft bill to expropriate 51 percent of energy company YPF sponsored by President Cristina Fernández de Kirchner, but they have been “pressured during the past two weeks” to back the project.

  • 26/04/2012 | Argentina

    Timerman says De Gucht's statements on YPF are 'unacceptable'

    Foreign Minister Héctor Timerman said the recent criticism from the European Trade Commissioner Karel De Gucht regarding the YPF expropriation is “unacceptable,” and assured that it “surprised him due to his tone and approach.”

  • 29/04/2012 | Argentina

    Aguad calls UCR to ‘rebuild identity’, confirms disagreement with YPF expropriation

    Radical party’s Deputy Oscar Aguad came on stage to reaffirm his differences with the party’s decision to vote in favour of the expropriation of YPF on next Thursday’s Lower House’s session, and confirmed that he will not endorse the measure.

  • 29/04/2012 | Argentina

    Solá admits privatization of YPF 'was a mistake'

    Unión Peronista lawmaker Felipe Solá ratified on Sunday that he will vote in favour of expropriating YPF from Spanish oil company Repsol and justified his decision by assuring that “privatizing was a mistake.”

  • 26/04/2012 | Argentina

    Senate passes YPF expropriation bill

    The Upper House passed Repsol-YPF’s expropriation bill late last night after debating for more than 15 hours. With 63 votes in favour, 3 against and 4 abstained from voting, Senators passed the bill sent to Congress by President Cristina Fernández de Kirchner that calls for the expropriation of 51 percent stake in YPF oil and gas giant, which are currently held by Spain-based energy company Repsol. Now the bill will be sent to the Lower House for final approval next week.

  • 26/04/2012 | Argentina

    Rossi: 'The aim is for committees to clear YPF bill for debate today'

    Kirchnerite Lawmaker Agustín Rossi made it clear that with regard to the YPF expropriation bill, which was last night approved in the Senate, “the aim is for committees in the Lower House to clear the topic for debate today, in order for it to debate and pass the bill into law over the course of two days next week.”

  • 26/04/2012 | Argentina

    YPF takeover bill cleared for debate by Lower House committees

    The Lower House took one step closer to passing the YPF expropriation bill after a majority of lawmakers signed in favour of it and cleared it for debate after meeting for several hours in a congressional committee.

  • 25/04/2012 | Argentina

    Aníbal Fernández: 'Today's debate will go down in history'

    National senator Aníbal Fernández, affirmed that “today's session will go down in history," referring to the debate on the YPF expropriation bill which starts at 10am and is expected to be passed by a wide margin. The bill calls for the expropriation of a 51 percent of YPF’s shares, currently owned by Spanish oil company Repsol.

  • 25/04/2012 | Argentina

    Lorenzino highlights Repsol wrong statistics' damage to economy

    Economy Minister Hernán Lorenzino commented today on the wrong data published by Spanish company Repsol regarding petrol and gas production since YPF was taken over, and highlighted today the damage it makes on the economy. Lorenzino stated that “between 1998 and 2011 YPF experienced a 54 percent drop in petrol production and a 97 percent fall in gas production.”

  • 25/04/2012 | Argentina

    Morales: 'The UCR bloc will vote in favour of the YPF bill'

    National senator Gerardo Morales affirmed today that the UCR Radical party bloc overall would vote in favour of the expropriation of 51% of YPF’s shares, but said he would state differences over the decision separately.

  • 24/04/2012 | Argentina

    Spain to fight for YPF 'fair compensation', willing to maintain good relations with Argentina

    Spain's Industry Minister José Manuel Soria said today the Spanish government wants to sustain “good relations” with Argentina but vowed to do everything in their power to assure a “fair compensation” for the expropriation of shares held by Spain-based oil energy company Repsol.

  • 24/04/2012 | Argentina

    Spain expects Argentina doesn’t fall into international isolation

    Spanish Foreign Minister Jose Manuel Garcia-Margallo said today Spain historically had very good relations with Argentina and expected the country doesn’t fall into international isolation.

  • 24/04/2012 | Argentina

    Randazzo: YPF expropriation 'will favour future generations'

    Interior Minister Florencio Randazzo assured that the consequences of the expropriation of Repsol YPF will be “absolutely favourable for the country’s development,” adding that they will be seen “by future generations.”

  • 23/04/2012 | Argentina

    Aníbal Fernández: 'We won't pay what the main responsible for looting YPF says'

    Kirchnerite Senator Aníbal Fernández assured today that the government “will pay what YPF truly worth, and not what Repsol’s chairman [Antonio Brufau] wants.”

  • 23/04/2012 | Argentina

    Timerman denies EU's complaining letter over YPF

    Foreign Minister Héctor Timerman denied having received a complaining letter from the European Union’s Commissioner for Trade, Karel de Gucht, over the government’s expropriation plans of oil and gas company Repsol-YPF.

  • 23/04/2012 | Argentina

    S&P downgrades Argentina outlook to negative

    Rating Agency Standard and Poor’s (S&P) downgraded Argentina’s economic and financial outlook to “negative,” after the expropriation of YPF, which endangers the “B” rating the country has for its sovereign debt.

  • 21/04/2012 | Argentina

    Pichetto calls UCR's decision to vote in favour of expropriation 'coherent'

    The head of the Kirchnerite caucus in the Upper House, Miguel Ángel Pichetto, considered on Saturday that the UCR party’s decision to vote in favour of the YPF expropriation is “coherent” and assured that “a large percentage of senators would vote for it.”

  • 21/04/2012 | Argentina

    Gov't ministers criticize Macri's stance on YPF

    Interior Minister Florencio Randazzo and Industry Minister Débora Giorgi took to social network Twitter today to throw sharp critique against Mauricio Macri’s negative stance on the expropriation of oil company YPF, stating that the PRO party "is likely to defend Repsol's interests." 

  • 22/04/2012 | Argentina

    Lower House to debate YPF bill on May 3

    The YPF expropriation bill which President Fernández de Kirchner sent to Congress this week is expected to finally be voted (and passed by a wide margin) by the Lower House on May 3. The bill calls for the expropriation of a 51 percent of YPF’s shares, currently owned by Spanish oil company Repsol.

  • 20/04/2012 | Argentina

    CFK assures Spain's biodiesel imports restriction will not affect the country

    President Cristina Fernández de Kirchner minimized Spain’s decision to reduce the biodiesel imports as a retaliation over the expropriation of YPF and called for “tranquility” after assuring that Argentina “is in condition to absorb” that production in the domestic market.

  • 20/04/2012 | Argentina

    Randazzo rules out that Gov't analyzes other expropriations

    Interior Minister Florencio Randazzo assured that it is not in the government’s plans to expropriate other companies, after the nationalization of the 51 percent that Spain’s Repsol had in YPF.

  • 21/04/2012 | Argentina

    Macri to CFK: ‘Don’t turn YPF debate into a partisan issue’

    City Mayor Mauricio Macri urged President Cristina Fernández de Kirchner not to turn the YPF expropriation debate “into a partisan issue” on Saturday after the Head of State accused him of making “nonsensical statements” related to the Government’s controversial decision.

  • 20/04/2012 | Argentina

    Spain retaliates against Argentina restricting biodiesel imports

    In what can be understood as a first measure of retaliation against Argentina, on its decision to expropriate YPF, Spain is about to approve restrictions on biodiesel imports from the South American country.

  • 20/04/2012 | Argentina

    IMF says YPF's expropriation is a 'bilateral affair'

    By Carlos Burgueño
    Argentina got its first point in the diplomatic match with Spain over YPF’ nationalization. The International Monetary Fund (IMF) decided to call the conflict a “bilateral affair” and “a decision of a sovereign nation,” words pronounced by the IMF’s Latin America and Caribbean Department Director Nicolas Eyzaguirre during a news briefing at the IMF, World Bank Spring 2012 meetings in Washington.

  • 20/04/2012 | Argentina

    YPF, out of international agenda until June

    By Carlos Burgueño
    The government’s decision of nationalizing YPF will be discussed in June in Los Cabos, Mexico, during the G-20 summit. Until then, there will not be any official statements as a result of several meetings held last night in Washington by Economy Minister Hernán Lorenzino with high-ranking officials.

  • 20/04/2012 | Argentina

    Lorenzino: Europe ‘should learn from Argentina’s example’

    Economy Minister Hernán Lorenzino said today that Europe ‘should learn from Argentina’s example.’ The official was participating in the International Monetary Fund and World Bank Annual Meeting in Washington DC and made the remarks during an interview with a local radio station yesterday morning.

  • 20/04/2012 | Argentina

    Menem: 'I will back YPF's expropriation'

    Former president Carlos Menem said today he will attend the Upper House debate on YPF's expropriation and back the national government's bill.

  • 20/04/2012 | Argentina

    De Vido: 'The challenge for YPF and Petrobras is to work together'

    Planning Minister Julio De Vido today held a meeting with Brazil's Energy Minister and Petrobras executives to demand more investments in Argentina, after Neuquen province revoked a Petrobras concession.

  • 19/04/2012 | Argentina

    YPF: CFK thanks opposition for supporting expropriation

    While giving a speech in San Juan, President Cristina Fernández de Kirchner thanked “all political parties who supported the bill calling for the expropriation of Repsol YPF,” assuring that the gesture shows “how mature our civil and political society” has become.

  • 19/04/2012 | Argentina

    Decrees calling for intervention of YPF, YPF Gas cleared for debate

    The Victory Front party managed to clear for debate the DNU emergency decrees drafted by President Cristina Fernández de Kirchner which call for the intervention of YPF and YPF Gas. They are now sent to the Upper House floor, where they will be submitted to a vote.

  • 19/04/2012 | Argentina

    YPF intervention 'a terrible resort' used by Gov't

    Speaking as a guest on Ambito Debate, Radical senator Naidenoff criticized the way the Government seized YPF and said that his party rejected the DNU emergency decrees that called for the intervention of the oil company.

  • 19/04/2012 | Argentina

    Cabinet Chief 'not concerned' about EU, US comments on YPF expropriation

    Cabinet Chief Juan Manuel Abal Medina said today the government “is not concerned” about the impact the government’s decision of expropriating YPF is having in some European Union countries and the United States. Likewise, the Minister remarked that considering Spain’s current economic crisis, it is “quite normal” to see them trying to find scapegoats overseas.

  • 19/04/2012 | Argentina

    Government says France’s Total to seek gas output

    Argentina's government said today that it had agreed with France's Total to work together to boost natural gas output by 2 million cubic metres per day at two Patagonian fields where YPF – which is being nationalized – also has a stake.

  • 19/04/2012 | Argentina

    Macri admits YPF would remain Argentine if elected president

    City Mayor Mauricio Macri once again criticized the Fernández de Kirchner administration over the decision to expropriate YPF, although he acknowledged that were he chosen president in 2015 the company would remain in the hands of the state. 

  • 18/04/2012 | Argentina

    Senators clear for debate YPF expropriation bill

    With the presence of oil and gas experts, and opposition parties, the Upper House's Budget and Finance, Constitutional Affairs, and Energy committees cleared for debate the YPF expropriation draft bill presented by the Executive Power, after a second day of talks. Thus, the draft bill will reach to the Lower House for debate on Wednesday next week.

  • 18/04/2012 | Argentina

    CFK on YPF: 'You build history the way you can, not the way you want'

    While giving a speech in Tecnópolis, President Cristina Fernández de Kirchner mentioned the recent decision to expropriate YPF and justified her administration’s comings and goings with the oil company by saying that “you build history the way you can, not the way you want.”

  • 19/04/2012 | Argentina

    Repsol-YPF shares edge down in Madrid

    Shares of Spain-based firm Repsol-YPF fell sharply in Madrid today plunging 2.47 percent yesterday, to 15.05 euros (US$19.66) each, underperforming the benchmark Ibex index, which was down 1.77percent.

  • 17/04/2012 | Argentina

    Sanz blames Gov't for 'cleaning out' of YPF

    Radical senator Ernesto Sanz blamed the National Government for the “cleaning out” of YPF and assured that it is “an accomplice in today’s disastrous energy policy.”

  • 18/04/2012 | Argentina

    Aníbal Fernández confident YPF’s draft bill will be cleared for debate

    Victory Front Senator Aníbal Fernández assured today that the YPF expropriation draft bill will be cleared for debate by the Upper Houses’ committees currently discussing it so that it can hit the Lower House floor next Wednesday.

  • 18/04/2012 | Argentina

    Same people that ruined oil industry is now picked to recover it, says Deputy Estenssoro

    Deputy María Eugenia Estenssoro anticipated that the Civic Coalition party she represents will vote against the draft bill presented by the national government to expropriate the 51 percent of the YPF shares held [57.43 percent] by Spain-based energy group Repsol.

  • 17/04/2012 | Argentina

    'We will not be supporting this decision,' Macri on YPF nationalization

    City Mayor Mauricio Macri came on stage today to reiterate the centre-right PRO party’s negative stance on the National Government’s decision to put forth the expropriation of petrol company YPF, throwing sharp critique against it. “I would like to communicate that we are not going to support this decision,” the city official stated.

  • 17/04/2012 | Argentina

    Boudou:‘YPF has always been an Argentine company’

    Vice-President Amado Boudou backed today President Cristina Fernández de Kirchner’s plans to seize control of YPF oil and gas company.

  • 17/04/2012 | Argentina

    Multinational companies 'already showing interest for YPF,' De Vido

    Planning Minister Julio De Vido assured that “many multinational companies” have already shown interest in engaging in talks with the Government to discuss a potential investment in the development of YPF, as well as areas of joint exploitation. 

  • 17/04/2012 | Argentina

    Aníbal Fernández says 'there is a lack of respect for our sovereignty'

    Senator Aníbal Fernández stated today that “insults and offensive remarks towards Argentina demonstrate a lack of respect for the sovereignty of our country," in reference to the reactions of Spanish authorities, media coverage and former Repsol-YPF board members to President Cristina Fernández de Kirchner's announcement of sending to Congress a draft bill to expropriate Repsol-YPF.

  • 17/04/2012 | Argentina

    PRO party lawmaker's bloc rejects YPF expropriation

    The centre-right PRO party lawmaker’s bloc rejected last night the draft bill putting forth the expropriation of petrol company YPF, which was yesterday sent to the Congress by President Cristina Fernández de Kirchner.

  • 17/04/2012 | Argentina

    Economy Deputy-Minister Kicillof: 'We will not pay Repsol what they say'

    During today's debate held over the Repsol-YPF expropriation draft bill at the Upper House, Economy Deputy-Minister Axel Kicillof stated that "Argentina will not pay Repsol whatever amount they consider the company is worth", and remarked that the government's intervention on the oil and gas company will “review” the company's accounting documents as previous directors kept key data as “secret information” leaving a cloud of doubt over YPF’s real value.

  • 16/04/2012 | Argentina

    'We don't promote nationalizations, but we focus on recovering our resources,' CFK

    President Cristina Fernández de Kirchner stated that the decision of presenting a draft bill to expropriate the majority of shares held by Spanish Repsol came after “witnessing how 17 years after the [1992] privatization of YPF, Argentina became, for the first time, a net importer of oil and gas with a total deficit of over 3 billion dollars."

  • 16/04/2012 | Argentina

    CFK orders YPF intervention, appoints De Vido as controller

    After announcing the draft bill that seeks to expropriate 51 percent of Repsol-YPF oil and gas company, President Cristina Fernández de Kirchner signed a decree ordering the intervention of the company, and appointing Planning Minister Julio De Vido, and Economy Deputy Minster Axel Kicillof as controllers.

  • 16/04/2012 | Argentina

    Opposition, Kirchnerite officials sound off on YPF expropriation

    After Fernández de Kirchner’s announcement of the Government’s decision to expropriate Repsol-YPF, officials from all parties came in support or condemnation of the measure. Fernando “Pino” Solanas celebrated the “recovery of our oil,” while Civic Coalition leader Elisa Carrió considered that despite the initiative, “there is no rational plan to face the energy problem.”

  • 15/04/2012 | Argentina

    Repsol’s Chairman calls for more dialogue, less 'imposition'

    The head of the Spanish oil company Repsol, Antonio Brufau, sent a direct message to the government of President Cristina Fernández de Kirchner and said, “there should be no speeches or attempts to impose something, but try to establish more dialogue” to resolve the conflict that the oil giant has with the government and that could lead to the nationalization of YPF.

  • 16/04/2012 | Argentina

    Spanish gov’t warns YPF nationalization will trap Argentina in populism's jaws

    Spain's Economy Minister Luis de Guindos alerted that nationalizing YPF would be a “bad decision for Spain, that would only generate the sensation that Argentina is, once again, lost in the throes of populism", during conversations with the Iberian media today.

  • 16/04/2012 | Argentina

    YPF's stock transactions suspended in New York, Buenos Aires

    Shares of Argentina’s biggest energy company Repsol-YPF fell by 11.2 percent in Wall Street and edged down by 2.5 percent at the Merval Buenos Aires stock before both stock markets suspended the company’s transactions for the day.

  • 13/04/2012 | Argentina

    Growing pressure from Spanish gov't on Argentina over YPF

    The Spanish government is mounting pressure on Argentina over its plans of oil company YPF. Spain said today that any decision that Argentina may take against Repsol's YPF unit would be very negative for Spanish interests and warned it would take measures against Argentina if needed.

  • 13/04/2012 | Argentina

    EU concerned over Argentina's YPF plans, backs Spain

    The European Union's executive said today it had expressed its concerns to Argentina over reports of plans to nationalise part of the country's biggest energy firm YPF, majority owned by Spain's Repsol. Olivier Bailly also said the block would " stand side-by-side with Spain in this situation," he added.

  • 13/04/2012 | Argentina

    CNV carries out inspections on YPF stock brokers

    The national stock market committee (CNV) carried out inspections on stock brokers who were operating YPF figures, checking for possible manipulations made in the market on Thursday.

  • 11/04/2012 | Argentina

    Santa Cruz terminates YPF oil concession contract in key areas

    Santa Cruz governor Daniel Peralta signed a decree which makes the termination of the YPF concession contract in Los Perales-Las Mesetas, Cañadon vasco and Pico Truncado-El cordón areas official, and as Repsol YPF head Antonio Brufau remains in Argentina in hopes of solving the conflict and meeting with Government officials.

  • 12/04/2012 | Argentina

    CFK meets with governors from oil-producing provinces

    President Cristina Fernández de Kirchner met with the governors members of the Federal Organization of Hydrocarbon-producing States (OFEPHI) on Thursday evening, after attending a ceremony with businessmen in the beef-producing sector at the Government House.

  • 12/04/2012 | Argentina

    YPF rumours go back and forth as shares rocket

    Amidst the numerous rumors indicating that President Cristina Fernández de Kirchner would announce today the take-over of Repsol-YPF oil and gas producer, the most consistent one was a draft bill that opposition lawmakers received today in which details and steps on how the government expects to regain at least 50.011 percent stake of the oil giant are detailed.

  • 03/04/2012 | Argentina

    YPF shares plunge in Buenos Aires and New York

    Shares in Argentina's biggest energy company YPF plunged 18.3 percent in Buenos Aires today while the company's US-listed shares were 3.3 percent lower in New York after they fell to a three-year low yesterday.

  • 04/04/2012 | Argentina

    Río Negro terminates another Repsol-YPF exploitation license

    Río Negro Governor Alberto Weretilnek announced the termination of a Repsol-YPF concession contract for the Ñirihuau area, located 35 kilometres from the city of Bariloche. This is the second license the Patagonian province terminates in the past two weeks.

  • 11/04/2012 | Argentina

    YPF shares plunge in Buenos Aires and New York ahead of announcement

    Shares in Argentina's biggest energy company YPF plunged 5.6 percent in Buenos Aires today while the company's US-listed shares were 5 percent lower in New York.

  • 27/03/2012 | Argentina

    Gov't to deepen measures against Repsol-YPF, says Interior Minister

    Amidst raising tensions between the national government and Repsol-YPF oil company, Interior Minister Florencio Randazzo warned today that the administration led by President Cristina Fernández de Kirchner will take “all necessary measures to guarantee the country's energy self-supply”.

  • 27/03/2012 | Argentina

    Rio Negro terminates YPF oil exploitation contract

    Río Negro announced it would terminate an YPF exploitation contract in Los Caldenes area, following a meeting between Federal Organization of Hydrocarbon Producer States on Tuesday. The Spanish oil giant has lost ten oil concessions in the last weeks.

  • 31/03/2012 | Argentina

    Chubut could revoke four YPF concessions

    Chubut governor Martin Buzzi announced that his administration is considering terminating oil concession in four wells, including Manantiales Behr, one of the most important oil wells in the country.

  • 16/03/2012 | Argentina

    De Vido lashes out at Spanish minister for YPF comments

    Planning Minister Julio de Vido lashed out at Spanish Industry Minister José Manuel Soria by saying though oil company YPF is run by Spanish investors it should not be considered an asset of the European country. Previously, the Spanish official affirmed that the company’s interests “were those of Repsol and Spain.”

  • 21/03/2012 | Argentina

    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.

  • 21/03/2012 | Argentina

    Gov't rejects Repsol-YPF's dividend reinvestment plan

    During a crucial Repsol-YPF board meeting held at the oil giant offices in Puerto Madero, government officials rejected a proposal brought by Repsol CEO Antonio Brufau to recapitalize the company by returning last two years dividends to shareholders.

  • 06/03/2012 | Argentina

    YPF accuses provinces of 'arbitrary actions'

    In the midst of the pressure of the oil provinces over Oil Giant YPF to increase its production, the company ruled out the accusations and warned that it will press charges for the “arbitrary actions” of the local government.

  • 08/03/2012 | Argentina

    Gov't attends YPF board meeting, questions 2011 financial reports

    The relationship between the Government and the YPF petrol company continues to strain. On Thursday, several Government officials were allowed to attend the board meeting but they opposed approving the minutes and 2011 financial reports for considering that “they do not reflect correctly the company’s current economic and financial situation.”

  • 14/03/2012 | Argentina

    Chubut, Santa Cruz provinces terminate YPF oil contracts in four wells

    The Governments of Chubut and Santa Cruz announced the termination of the contract of exploitation of four different oil wells that YPF handles in the Gulf San Jorge and that both provinces share. The oil giant has announced it will file a lawsuit against the measure.

  • 29/02/2012 | Argentina

    As tension mounts, Repsol-YPF head arrives to meet gov't officials

    Chairman of Repsol-YPF oil company Antonio Brufau, has arrived to Argentina to attend a round of meetings amidst the present tensions between the company and the Government triggered after President Cristina Fernández de Kirchner accused the oil giant of not making enough investments in the country.

  • 29/02/2012 | Argentina

    YPF shares plunge more than 10.2%

    Once again, YPF shares collapsed as rumours of the Government taking control of the oil giant increase. After edging down more than 7 percent, today the company’s shares plunged 10.2 percent.

  • 01/03/2012 | Argentina

    CFK assures the gov't will guarantee normal oil supply

    President Cristina Fernandez de Kirchner questioned today a ‘sudden drop’ on YPF’s oil production and assured she will “use every necessary legal mean” to guarantee the normal oil supply in Argentina.

  • 06/02/2012 | Argentina

    Boudou: 'We should discuss whether YPF works following a national sense or not'

    Vice President Amado Boudou came on stage today and sent a reminder to oil giant Repsol-YPF amidst rumors of a possible nationalization.  

  • 07/02/2012 | Argentina

    Brufau meets with Lorenzino, De Vido over YPF tension

    Repsol head Antonio Brufau held a secret meeting with Economy Minister Hernán Lorenzino and Planning Minister Julio De Vido, ambito.com confirmed. The Spanish businessman returns to his country tomorrow and isn't expected to meet with President Cristina Fernández de Kirchner.

  • 16/02/2012 | Argentina

    YPF to pay debt, file appeal

    YPF will pay on Thursdsay and Friday the US$ 8 million debt claimed by AFIP revenue agency, as newspaper Ambito Financiero printed today. Due to the debt, YPF was banned from carrying out export and import duties on Wednesday.

  • 07/11/2011 | Argentina

    YPF confirms huge shale oil found in Neuquén

    Energy company YPF confirmed the finding of its biggest oil discovery in Argentina yet to the Buenos Aires stock exchange. The discovery was made in the Neuquén province and is equivalent to 927 million barrels.

  • 28/12/2011 | Argentina

    Labour Ministry issues compulsory conciliation for fuel dealers, avoids strike

    The Labour Ministry issued a compulsory conciliation for Fuel Dealers Federation (FOESGRA in Spanish) after the union had threaten with a national strike for Dec. 31 claiming for the automatic extension of suppliers work contracts.

  • 05/01/2012 | Argentina

    YPF announces new oil discovery in Mendoza

    Energy company YPF announced the finding of conventional oil at the Cuenca Neuquina, in the Chachahuén bloc, at the Southern area of Mendoza province, that is equivalent to 40 million barrels.

  • 10/05/2011 | Argentina

    Oil discovery 'represents 6% increase in local oil reserves,' Gov't assures

    President Cristina Fernández de Kirchner announced that the YPF energy company had made a large shale oil discovery in Neuquén province, a find that she considered to be of extreme importance, since “it will allow for us to maintain and further promote development” throughout the country. 

  • 28/07/2011 | Argentina

    Repsol Q2 falls on weak upstream

    Spain's Repsol YPF SA said today adjusted net profit fell 7.3 percent in the second quarter of the year due to the loss of production in Libya and strikes at its Argentine division.

  • 28/10/2011 | Argentina

    Fitch downgrades Argentine oil companies

    Fitch Ratings has downgraded oil companies YPF and Pan American Energy foreign (PAE) currency Issuer Default Rating (IDR) to 'B+' from 'BB-' and has affirmed their local currency IDR's at 'BB'. The announcement came after the Argentine Central Bank has ordered oil, gas and mining companies to cash in all their export revenue.

  • 28/12/2010 | Argentina

    Petrol stations assure services to return to normal within 2 days

    In different parts of the country, thousands of drivers have been stuck in queues all morning, in the hope of loading their cars with petrol. This follows the continuing difficulties in petrol service stations over the last two days.

  • 02/02/2011 | Argentina

    Gov't freezes petrol prices hike

    Following the orders given by Interior Commerce Secretary Guillermo Moreno to freeze petrol prices, applying the Supply Law, it has been announced that the enactment will come into place over two days, being published in the Official Gazette issued by the Government.

  • 04/05/2011 | Argentina

    Lorry drivers' lift blockades, abide mandatory conciliation order

    Lorry drivers led by Hugo and Pablo Moyano's union abided by the mandatory conciliation  issued by the Labour Ministry and lifted the blockades they had staged in petrol companies along Buenos Aires province. They demand an extra bonus for carrying dangerous loads. However, they warned that if theu don't reach an agreement, "they will freeze the entire country."

  • 26/06/2013 | World

    Spain's Repsol rejects offer for YPF

    Spanish oil giant Repsol’s council of administration decided to unanimously reject Argentina’s compensating offer after last year's expropriation.

  • 29/11/2013 | World

    Repsol deal: 'Gov't defended Argentina's interests,' Capitanich

    In his routine address to reporters at the government house, the Cabinet Chief defended the government's education agenda and announced a meeting will be held next week to set the "payment conditions" of the Repsol compensation agreement.

  • 31/05/2012 | World

    Repsol to take YPF out of its company name

    Spanish oil and gas company Repsol is changing its name to reflect the fact that it no longer owns the YPF unit in Argentina following the government seizure of 51% of the company’s shares.

  • 08/06/2012 | World

    Fitch cuts Repsol rating to 'BBB-'

    Fitch Ratings has downgraded Repsol S.A's long-term issuer default rating (IDR) to 'BBB-' from 'BBB' and removed it from Rating Watch Negative (RWN).

  • 21/12/2012 | World

    WB tribunal accepts Repsol complaint over YPF takeover

    The World Bank's arbitration body started moving ahead this week on a complaint by Spanish oil major Repsol over Argentina's expropriation of its controlling stake in energy company YPF.

  • 10/05/2012 | World

    Repsol profit rises without YPF, company lawyers study expropriation

    Spain's oil major Repsol said today its lawyers are studying the legality of Argentina's expropriation of 51 percent of YPF from the group as high oil prices boosted quarterly profit growth at Repsol even without its majority stake in YPF.

  • 11/05/2012 | World

    IEA warns firms may avoid Argentina after YPF seizure

    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 South American country, the International Energy Agency said today.

  • 23/05/2012 | World

    Margallo urges Argentina to engage in talks as 'kindred nations'

    Spanish Foreign Minister José Manuel García-Margallo adopted a conciliatory tone towards Argentina today for the first time after YPF’s seizure by saying Argentina and Spain should hold “kindred nation” talks.

  • 07/05/2012 | World

    EU says retaliation measures against Argentina to be taken within next few days

    European Trade Commissioner Karel de Gucht expressed concern today over what he called a “growing tendency towards protectionism across Latin America” and warned Europe is preparing retaliation measures against Argentina after YPF's expropriation.

  • 07/05/2012 | World

    'Who can now trust a country that takes such decisions?,' Rajoy says over YPF

    Spain’s President Mariano Rajoy considered that the expropriation of YPF oil and gas giant led by the government of Cristina Fernández de Kirchner and backed by a large majority of the opposition blocs, has to do more with Argentina’s weakness than Spain’s current fragility.

  • 07/05/2012 | World

    Repsol warns oil giants to sue if they join YPF, British paper

    Spain-based energy group Repsol has sent letters to oil majors including Exxon, Chevron and ConcoPhillips warning it would sue if they try to invest in YPF or its assets, according to British newspaper The Financial Times.

  • 25/04/2012 | World

    EC official warns Europe lost its trust in Mercosur after YPF seizure

    European Commission Deputy Director General for Enterprise and Industry Daniel Calleja warned today that Europe has lost its trust in Mercosur trade block after the government announced it would expropriate 51 percent of YPF’s shares, owned by Spanish oil company Repsol.

  • 26/04/2012 | World

    EC Trade chief says Argentina will face 'long term consequences' after YPF seize

    European Trade Commissioner Karel De Gucht said today Argentina is in for long term consequences after sending “shockwaves” internationally with the announced plans to expropriate 51 percent of YPF shares owned by Spain-based Repsol energy company.

  • 26/04/2012 | World

    Spain hopeful YPF case will end up at Word Bank’s ICSID

    Spain's Foreign Minister José Manuel García Margallo said today that the Argentine government plans for the expropriation of YPF shares will end up a case at the World Bank International Centre for Settlement of Investment Disputes (ICSID).

  • 23/04/2012 | World

    YPF: Spain urges Argentina 'to solve this in a friendly way or obey international courts'

    Spain’s Foreign Ministry José Manuel García-Margallo urged Argentina to solve in “friendly manner” the plans to expropriate a controlling 51 percent stake in YPF by seizing most of Repsol's shares, or to obey what the international courts might rule on the matter.

  • 23/04/2012 | World

    EU rejects Spain's request to leave Argentina out of negotiations with Mercosur

    A member of the European Union assured it is not possible to negotiate an agreement between the EU and Mercosur without Argentina, as the Spanish Government planned after the country’s decision to expropriate YPF.

  • 24/04/2012 | World

    European Commission 'surprised' at Timerman’s denial on YPF letter

    The European Commission expressed today its astonishment over Foreign Minister Héctor Timerman remarks regarding a letter sent by the European Union last week.

  • 20/04/2012 | World

    YPF: European parliament calls for trade sanctions against Argentina

    The European parliament ‘deplored’ the government decision to expropriate 51% of the shares in the YPF hydrocarbons corporation - which is majority-owned by Spanish energy company Repsol- and called for the suspension of Argentina's tariff concessions under Europe's so-called generalised system of preferences (GSP).

  • 20/04/2012 | World

    YPF shares edge up in Buenos Aires, New York, Madrid

    Shares of Argentina’s biggest energy company Repsol-YPF bounced back from previous losses yesterday and held the trend today. Sshares were up by 1.2 percent in Wall Street and 1.2 percent at the Buenos Aires Stock Exchange.

  • 20/04/2012 | World

    Fitch slams Argentina for YPF expropriation

    In an article posted on the Fitch Wire credit market commentary page the rating agency slammed Argentina today for its government decision to expropriate 51 percent of the 57.43 share-package Repsol owns, as announced by President Cristina Fernández de Kirchner on Monday.

  • 19/04/2012 | World

    Argentina's move to expropriate YPF 'a mistake,' World Bank head

    Argentina's move to nationalize local oil company YPF, controlled by Spain's Repsol, was a mistake and the wrong thing to do, the head of the World Bank Robert Zoellick said today.

  • 19/04/2012 | World

    S&P downgrades Repsol-YPF ratings, negative outlook

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

  • 19/04/2012 | World

    Spain says European Union will intervene on YPF case

    Spain's Trade Secretary Jaime García-Legaz said today the European Union will intervene on his country's behalf over the Argentine government's plan to seize a controlling stake in YPF oil and gas company Repsol.

  • 19/04/2012 | World

    'YPF's seize should be preceded by a proper compensation,' France's Foreign Minister

    France’s Foreign Minister Alain Juppé lashed out today against the Argentine’s government decision to expropriate 51 percent of the 57.43 share-package Spanish ran oil company Repsol –YPF.

  • 19/04/2012 | World

    Spain lobbies for US support against YPF expropriation

    Spain will discuss a joint response with the United States to Argentina‘s forced nationalization of the YPF oil company, Spanish Foreign Minister Jose Manuel Garcia-Margallo said today.

  • 19/04/2012 | World

    Repsol-YPF shares bounce back in Buenos Aires and NY; fall in Madrid

    Shares of Argentina’s biggest energy company Repsol-YPF bounced back from previous losses by gaining 5.1 percent at the Buenos Aires Stock Exchange; while in Wall Street shares were also recovering from a bumpy week and gained 9.9 percent. In Spain, however, shares fell 4.8 percent.

  • 18/04/2012 | World

    Brussels urges Argentina to 'fulfill its international commitments'

    European Commission Vice President Antonio Tajani today addressed Argentina's plan to expropriate 51 percent of the 57.43 share-package Spanish ran oil company Repsol owns during a speech at the European Parliament.

  • 18/04/2012 | World

    Spain wants EU complaint with WTO on Argentina

    Spain will ask the European Union to file a complaint with the World Trade Organization against Argentina for seizing control of energy company YPF, which is majority owned by Repsol, a high-ranking government source said today.

  • 18/04/2012 | World

    US: YPF plans have 'negative development against foreign investors'

    The US government finally broke silence regarding the YPF controversy and expressed “concern’ over the expropriation plans. A State Department spokesman said the plans “could have an adverse effect on the Argentine economy.”

  • 18/04/2012 | World

    YPF stock transactions resume in New York, shares plunge 32.7%

    On Wednesday, shares of Argentina’s biggest energy company Repsol-YPF plunged 32.7 percent in Wall Street after transactions resumed following three days of suspension.

  • 18/04/2012 | World

    Italy’s Monti concerned over YPF seize, trade barriers

    Italy’s Prime Minister Mario Monti expressed concern over the government’s plans to seize control of oil company YPF, as announced by President Cristina Fernández de Kirchner on Monday. The premier also voiced his discontentment over trade barriers set by the Argentine government to protect local industries.

  • 18/04/2012 | World

    Moody's places Repsol's rating on review for downgrade

    Rating agency Moody's Investors Service has today placed on review for downgrade the Baa2 long-term issuer rating of Repsol.

  • 17/04/2012 | World

    YPF: Spain expresses 'profound unease,' warns of 'consequences'

    An incensed Spain threatened swift economic retaliation against Argentina on Tuesday after it unveiled plans to seize YPF, the South American nation's biggest oil company which is controlled by Spanish energy group Repsol.

  • 18/04/2012 | World

    China's Sinopec refuse to comment on 'market rumours' over YPF adquisition

    China's state-owned Petrochemical Corp (Sinopec) spokesman Huang Wensheng came on stage to play down rumours indicating that Argentina's move to nationalize local oil company YPF, controlled by Spain's Repsol, has spoiled years of planning by Sinopec to buy the energy giant.

  • 18/04/2012 | World

    Repsol's Brufau: 'Argentina will have to pay a fair price'

    Repsol group’s chairman Antonio Brufau assured today that the Spain-based energy group “believes in Justice and not in demagogy."

  • 17/04/2012 | World

    IMF: 'Argentina's decision will worsen the investment mood'

    International Monetary Fond economist Thomas Helbling regretted today Argentina’s decision to expropriate 51 percent of the 57.43 share-package Spanish oil company Repsol owns.

  • 17/04/2012 | World

    Rajoy: YPF seize 'damages all Latin America'

    Spanish Prime Minister Mariano Rajoy said today the Argentina’s decision to takeover Spanish ran YPF oil company announced yesterday by President Cristina Fernández de Kirchner “damages all Latin America.”

  • 17/04/2012 | World

    UK 'very concerned' over YPF expropriation plans

    British Foreign Secretary William Hague said he was “very concerned” at President Cristina Fernández de Kirchner’s announcement to expropriate YPF, a decision he believes “goes against all the commitments Argentina has made in the G20 to promote transparency and reduce protectionism.”

  • 17/04/2012 | World

    'Argentina's decision endangers friendship with Spain,' Spanish Minister

    Spain’s Foreign Minister José Manuel García-Margallo warned today that “Argentina has just shot itself in the foot” as the expropriation of YPF energy company might lead to “a break-up with both Spain and the international community.”

  • 17/04/2012 | World

    YPF takeover dominates front-pages in Spain, makes headlines internationally

    President Cristina Fernández de Kirchner’s statement yesterday announcing her plans to take 51 percent control of YPF, dominated Spanish front-pages today and made headlines across the world today.

  • 17/04/2012 | World

    YPF's stocks plunge in Buenos Aires, transactions halted in New York

    Shares of Argentina’s biggest energy company Repsol-YPF plunged by 7.5 percent  at the Merval Buenos Aires stock today.  In Spain, shares sank by 6.1 in trade at the Madrid Stock Exchange. Stocks transactions were halted yesterday and remained suspended for today in Wall Street.

  • 17/04/2012 | World

    Barroso 'seriously disappointed in Argentina'

    European Commission President Jose Manuel Barroso said today he expected Argentina to uphold international agreements on business protection with Spain over its plan to take over the Argentine unit of oil major Repsol.

  • 17/04/2012 | World

    EC cancels meeting in Argentina after YPF announcement

    The European Commission called off a meeting with officials in Argentina after President Cristina Fernández de Kirchner revealed plans to expropriate oil company Repsol-YPF.

  • 17/04/2012 | World

    Repsol-YPF shares sink at Madrid Stock Exchange

    Repsol-YPF shares sank in today’s trade at the Madrid Stock Exchange loosing 6.52 percent with an ending price of 16.34 euros per share, and registered transactions of 378,583.13 euros for the day.

  • 16/04/2012 | World

    Spain: 'We'll defend the interests of Spanish companies in Argentina'

    The Spanish government warned today that Spain will give "the most suitable answer" to Cristina Fernández de Kirchner's announcement on YPF expropiation.

  • 16/04/2012 | World

    YPF: Spain says Argentina's decision is 'discriminatory, arbitrary'

    The Spanish government condemned Argentina’s announcement over the expropriation of YPF, calling it a “discriminatory” and “arbitrary” decision, and stated that it will adopt any measures deemed necessary to defend the interests of Repsol and every other Spanish company.

  • 13/04/2012 | World

    YPF shares edge down in Buenos Aires and New York

    Shares of Argentina's biggest energy company YPF edged lower by 4.2 percent in Wall Street and 3.3 percent at  the Merval Buenos Aires stock market.

  • 14/04/2012 | World

    YPF: Spanish media assures gov't could boycott Argentine meat, soy imports

    Following a day of meetings and warnings against Argentina, Spanish media today assured that Mariano Rajoy’s government  was analysing commercial retaliation if the Argentine government decides to advance on nationalising petrol giant YPF. According to newspaper El Mundo, the Spanish government will boycott Argentine soy and meat imports.

  • 16/04/2012 | World

    YPF takeover makes international headlines

    President Cristina Fernández de Kirchner announcement on the government’s plans to send a bill to Congress to take 51 percent control of YPF, made headlines in the Spanish media today , as well as in the international press.

  • 09/04/2012 | World

    YPF shares plunge in Buenos Aires and New York ahead of key week

    Shares in Argentina's biggest energy company YPF plunged 4 percent in Buenos Aires today while the company's US-listed shares were 2.4 percent lower in New York ahead of key week.

  • 12/04/2012 | World

    Spanish Industry Minister issues YPF warning

    Amidst the cross-fire between the Argentine government and Repsol-YPF oil giant, Spain’s Industry Minister José Manuel Soria, assured today that “any sign of hostility” against Spanish companies “will be considered as a hostile sign against Spain and its government, and will bring consequences.”

  • 12/04/2012 | World

    Repsol-YPF shares show gains in BA, Wall street; edge down in Spain

    As rumours of President Cristina Fernández de Kirchner announcing the buying of a bigger stake of Repsol-YPF mixed company this afternoon, Repsol-YPF shares edged down by 0.88 percent in Madrid, while in Wall Street and Buenos Aires Merval shares presented gains of 10 and 8.5 percent respectively.

  • 20/03/2012 | World

    Spanish minister vows to defend Repsol’s interests in Argentina

    Adding fuel to the quarrel between Argentina and Spain for disagreements over Spanish investors administrated YPF, Spanish Industry minister of José Manuel Soria vowed today to defend his national’s interests.

  • 23/03/2012 | World

    Fitch slashes Repsol-YPF rating

    Fitch Ratings has downgraded Spanish ran Repsol YPF's rating from BBB+ to BBB, the rating agency announced today. The downgrades follow the announcement on 21 March of 57%-owned YPF S.A.'s Board of Directors that it would capitalise dividends.

  • 04/04/2012 | World

    YPF shares edge down in Buenos Aires and New York

    Shares of Argentina's biggest energy company YPF edge lower by 0.6 percent in Wall Street today also slipping 0.2% at the Buenos Aires stock market.

  • 24/07/2012 | Latin America

    De Vido, Venezuelan officials discuss details of YPF-PDVSA cooperation

    Planning Minister Julio De Vido and senior members of the Venezuelan Oil Company PDVSA were holding a meeting this afternoon to discuss the details of plan of cooperation between oil companies PDVSA and recently nationalized YPF.

  • 31/07/2012 | Latin America

    CFK, Chávez sign YPF, PDVSA cooperation agreement

    After attending a Mercosur meeting in Brasilia, President Cristina Fernández de Kirchner and her Venezuelan counterpart, Hugo Chávez, signed a cooperation agreement to develop a strategic energy plan between state oil companies YPF and PDVSA.

  • 13/08/2013 | Latin America

    Chevron warns Ecuador trial could damage operations in Argentina

    US petroleum giant Chevron has warned that the continuing legal battle with Ecuador's government over pollution charges could put in jeopardy the company's partnership with YPF to exploit the Vaca Muerta shale reserves in Neuquén.

  • 20/04/2012 | Latin America

    Brazil committed to strengthening investments in Argentine oil sector

    Brazil’s President Dilma Rousseff met with Planning Minister Julio De Vido to debate about the decision of the Argentine government to expropriate YPF and over the investment of Petrobras in the country.

  • 27/04/2012 | Latin America

    Spain urges CFK to return to ‘the path of international legality’

    Spanish Foreign Minister José Manuel García-Margallo urged today President Cristina Fernández de Kirchner to go back to “the path of international legality.” The official also said Spain sees no viable deal between the Euroean Union and the Mercosur until Argentina complies with the international investment rules.

  • 04/05/2012 | Latin America

    Uruguay: ‘It is every country's right to expropriate for strategical purposes’

    In an interview with Spanish newspaper El País published today, Uruguayan Foreign Minister Luis Almagro backed Argentina’s decision to nationalize the country's biggest oil company YPF.

  • 16/04/2012 | Latin America

    Mexico blasts YPF expropriation plans, Chile 'concerned'

    Mexican President Felipe Calderón said the decision to expropriate YPF was not “very responsible nor very rational.” The Chilean government also expressed 'concern' after the controversial announcement.

  • 17/04/2012 | Latin America

    Chile says to back ENAP in Argentina after YPF move

    Chile will back state oil and gas company ENAP after Argentina moved to expropriate Repsol's controlling share of the country's leading energy company YPF, Finance Minister Felipe Larrain said on Tuesday.

  • 20/04/2012 | Latin America

    Rousseff: 'Brazil does not interfere on other countries' domestic issues'

    Brazilian President Dilma Rousseff said today that “Brazil does not interfere on other countries’ domestic issues.” Rousseff was addressing the Argentine government plans to expropriate 51 percent of the 57.43 shares in the YPF hydrocarbons corporation - which is majority-owned by Spanish energy company Repsol.


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