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YPF didn’t find investors yet

Published on Oct. 25, 2012

 
Read YPF didn’t find investors yet

It has been 6 months since YPF was expropriated in Argentina and the Government has been looking for new investors since then, with no success. The fall in share prices into half their initial value has not been enough to attract them into the oil fields and the fuel exports have raised 35% due to the production reduction in YPF, which was 60% of the market. On the other hand, the company has decided to increase the oil price twice.

It has been also 6 months since the period for achieving a friendly agreement started. This period, stated by law, is expected to solve the Repsol’s claim dated May 10 as the expropriation did not meet the legal requirements ...

Repsol sues YPF for offering Vaca Muerta to other oil companies

Published on Oct. 9, 2012

 
Read Repsol sues YPF for offering Vaca Muerta to other oil companies

The Commerce Court n. 1 in Madrid upheld the claim brought by Repsol against YPF due to unfair competition.

The case stems from YPF offering shale oil and gas reservoirs which Repsol found before they were expropriated. The offer includes Vaca Muerta, one of the biggest oilfields that would lead a third competitor to a privilege position in the oil and gas sector.

The company owned by Antonio Brufau reminds that the Unfair Competition Act forbids competitors to take benefit from an advantage gained through legal infraction - that means the expropriation.

In April Argentina expropriated 51% of YPF, which belonged entirely to Repsol (who owned at that moment 57.4% of the company).

In May YPF and the American miner ...

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