Argentina Plans to Seize YPF Gas SA
Investing News Network - April 18th, 2012
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.