Via The Financial Times, a report on Argentina’s re-nationalization of YPF: So that’s that then. YPF is, once again, Argentina’s state oil company. According to a flurry of news reports after president Cristina Fernández de Kirchner’s TV address at noon on Monday in Buenos Aires, the federal and provincial governments of Argentina are its new […]
Read more »Via The Financial Times, a look at how Argentina’s turmoil is affecting its largest oil company, YPF: As chess players know, the queen is the most powerful piece, able to advance a number of steps in several directions at any time. It looks like Cristina Fernández, Argentina’s president has been honing her chess skills as […]
Read more »Via The Financial Times, a report on the Argentinian government’s decision to scrap an incentives plan to encourage big oil companies to produce and refine more. As the article notes: As usual, Argentina has a ready explanation. But the timing of the government’s decision to scrap an incentives plan to encourage big oil companies to […]
Read more »Courtesy of The Financial Times, a report on China’s increased investment in Argentina. As the article notes: When China’s largest oil producer looked overseas 14 years ago for places to invest, it settled on the then-untapped riches of Sudan.That investment, in 1996, kicked off a string of deals in Africa, as Chinese state-owned oil companies […]
Read more »Courtesy of The Financial Times, an interesting analysis of China’s interest in – and approach towards – Argentina. As the article notes: Being a commodity-hungry emerging power with plenty of cash can be a frustrating occupation sometimes. The goods are out there, the price is right, but getting hold of the stuff (be it oil, […]
Read more »Via Energy Daily, a report that China’s overseas hydrocarbon acquisition activities continue, this time in Argentina. As the article notes: “…China’s state-owned energy giant Cnooc said Sunday it would pay 3.1 billion US dollars for a 50-percent stake in an Argentinian-owned energy company , the latest in a string of acquisitions. Cnooc said the deal, […]
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