Resource News

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.

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