Argentine state-run oil company YPF SA is considering a sale of its lithium unit as part of a sweeping divestment strategy to streamline investments into the heralded Vaca Muerta shale patch. TYPF Litio has been exploring acreage in Catamarca province in Argentina’s corner of South America’s so-called lithium triangle, shared with Chile and Bolivia. YPF already has divested 22 aging non-shale fields and it is in talks with takers for about 30 more, while plans are afoot to sell fuel businesses in Chile and Brazil and a stake in a Buenos Aires natural gas distributor.
August 30, 2024
SOURCE: BNN BLOOMBERG
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YPF Eyes Sale of Lithium Unit as Focus Narrows on Shale Ramp-Up