Argentina’s state-run oil company YPF announced that it plans to sell its shares in cooking gas distributor Metrogas to invest those funds in Vaca Muerta. YPF needs to “redirect its resources and concentrate on the non-conventional oil and gas sector, especially in the Vaca Muerta region”. “The goal is that by 2031 Argentina will be a net exporter for US$ 32 billion. YPF also outlined the strategy to increase by fourfold the company’s value over the next four years.
October 30, 2024
SOURCE: MERCOPRESS
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YPF to sell Metrogas stake to focus on Vaca Muerta