Argentina’s state-run energy firm YPF SA has decided to maintain petrol prices at the pump for a duration of 45 days, diverging from President Javier Milei’s free-market strategy, as the ongoing conflict in Iran exacerbates inflationary pressures. “We’re going to leave prices approximately constant for 45 days,” stated YPF Chief Executive Officer Horacio Marín. “If … Read more
President Javier Milei utilized a nationally televised broadcast on Friday night to celebrate a favorable court ruling for Argentina concerning the 2012 nationalization of the state energy firm YPF, while simultaneously characterizing the leaders of the opposition Peronist movement as irresponsible and reckless. In an unexpected ‘Cadena Nacional’ address aired nationwide, Milei vehemently condemned former … Read more
A US appeals court on Friday reversed a decision that mandated Argentina to compensate US$16.1 billion for the 2012 expropriation of oil company YPF. The 2nd US Circuit Court of Appeals in New York issued a ruling, determining that the lower court had erred in siding with former shareholders who alleged they suffered harm due … Read more
The United States Court of Appeals for the Second Circuit has approved a motion submitted by Argentina, seeking to delay the discovery process related to the 2012 expropriation of the state-owned energy company YPF until the resolution of the country’s appeal in the matter. The ongoing dispute arises from the protracted legal conflict that Argentina … Read more
YPF SA is allocating resources to maintain investment in the rapidly expanding Vaca Muerta basin, regardless of potential declines in oil prices this year. This strategy is part of a vision led by management selected by libertarian President Javier Milei, aiming to elevate the state-run company into a prominent player in the global shale market. … Read more
The Argentine Treasury Attorney General’s Office has submitted a formal request to the Southern District Court of New York, seeking to suspend the discovery process mandated by the court, along with the contempt motion initiated by Burford Capital in the ongoing trial concerning the 2012 expropriation of the state-owned energy company YPF. The government, in … Read more
Legal representatives for Argentina in the YPF expropriation case in New York have characterized the request from UK-based hedge fund Burford Capital — the plaintiffs — to hold the nation in contempt as “procedural harassment.” On Thursday, Burford’s legal team submitted a formal request to Judge Loretta Preska. The assertion pertains to the discovery phase … Read more
According to sources, MidOcean Energy LLC, a liquefied natural gas business that was founded by EIG, is now in the process of engaging in negotiations to join in Argentina’s famous LNG endeavor. The program, which is valued at twenty billion dollars and is being led by the state-owned YPF SA in conjunction with Eni SpA … Read more
YPF is poised to advance its most ambitious projects in the coming year, as president and CEO Horacio Marín has indicated that the company will soon finalize agreements with international partners for its liquefied natural gas initiative and then move to seek funding. The CEO projected that the process to arrange financing aimed at transforming … Read more
The state-owned energy company YPF announced that it has partnered with Italy’s ENI to begin the process of searching for oil in the waters surrounding Uruguay. Through the agency of its state-owned oil company, Ancap, Uruguay has an ongoing exploration agreement in place with foreign companies in seven offshore zones. In a statement, it was … Read more