Argentina's YPF Move Risks Deterring Investment in Its Oil Sector

Rigzone Friday 27th April, 2012

BUENOS AIRES - President Cristina Kirchner's nationalization of oil company YPF SA has exacerbated concerns about Argentina's energy industry and its ability to develop vast unconventional oil and gas deposits. Exploiting those resources will require billions of dollars a year in foreign capital, and Kirchner's no-holds-barred expropriation of a 51% stake in YPF from Spain's Repsol YPF SA could jeopardize those investments. Deputy Economy Minis...

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