YPF SA, the government-owned energy firm in Argentina, has announced a project with a valuation of US$25 billion intended to enhance oil output. This initiative signifies the largest allocation of resources since President Javier Milei took office. YPF’s Chief Executive Officer, Horacio Marin, has indicated that the company has put forth its proposal to the … Read more
It is widely acknowledged that a primary objective of the U.S. intervention in Venezuela, culminating in the apprehension of former president Nicolás Maduro, was to ensure access to the nation’s oil resources. Shortly after the invasion, the White House asserted its intention to exert control over Venezuela’s oil sales “indefinitely.” Experts indicate that this disruption … Read more
The Argentine government has confirmed the elimination of export duties for conventional crude oil, following a meeting involving Economy Minister Luis Caputo, Interior Minister Diego Santilli, and Chubut Governor Ignacio Ramírez. The national and provincial governments have entered into a memorandum of understanding aimed at eliminating the 8% tax in Chubut. The agreement emerges amidst … Read more