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    market news

    Argentina Plans to Seize YPF Gas SA

    Investing News Network
    Apr. 18, 2012 07:19PM PST
    Oil and Gas Investing

    Bloomberg reported Argentina plans to seize YPF Gas SA (NYSE:YPF) in order to bolster its control of natural resources.

    Bloomberg reported Argentina plans to seize YPF Gas SA (NYSE:YPF) in order to bolster its control of natural resources.

    As quoted in the market news:

    Argentine provinces withdrew 15 oil field licenses from YPF before this week’s nationalization announcement as the government demanded the Madrid-based oil producer increase output and investments as it seeks to cut back on fuel imports that doubled to $9.4 billion last year.

    Click here to read the full Bloomberg report.

    market newsnyse:ypfargentina
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