What is YPF in Argentina?
YPF S.A. (Yacimientos Petrolíferos Fiscales; English: “Fiscal Oilfields”) is a vertically integrated, state-owned Argentine energy company, engaged in oil and gas exploration and production, and the transportation, refining, and marketing of gas and petroleum products.
Is YPF government owned?
Argentina’s Congress has voted to fully privatize state petroleum company Yacimientos Petroliferos Fiscales (YPF), a move the government expects to net at least $8 billion. YPF is responsible for 40% of Argentina’s oil production. …
What does YPF stand for?
YPF
| Acronym | Definition |
|---|---|
| YPF | Yacimientos Petrolíferos Fiscales (Argentina) |
| YPF | Youth Physical Fitness (US Marine Corps Youth Foundation, Inc.) |
| YPF | Yamma Pit Fighting (mixed martial arts) |
| YPF | Young Playwrights Festival (annual festival) |
What happened to Repsol in Argentina?
Spanish oil company Repsol has ended its operations in Argentina, two years after the government seized its assets. Last month the Argentine congress gave final approval to pay $5bn (£3bn) in compensation for Repsol’s stake in Argentine oil firm YPF.
What happened to YPF when it was nationalized?
After YPF was nationalized in 2012, Repsol’s share in the company was seized and reduced to 12 percent without any compensation. The settlement had been pending since the company’s expropriation.
Does Repsol still own YPF?
It has said it could sell its 30 percent stake in Spanish power firm Gas Natural Fenosa GAS.MC to help fund a purchase in North America, as well as its remaining 12 percent stake in YPF, worth about $1.8 billion.
Where is BP based?
the United Kingdom
British Petroleum, better known as BP, is a global oil company based in the United Kingdom.
What is meant by Repsol?
Acronym. Definition. REPSOL. Refinería Española de Petróleo, Sociedad Limitada (Spain Petroleum Refinery)
What kind of business does YPF do in Argentina?
YPF S.A. (Yacimientos Petrolíferos Fiscales; English: “Fiscal Oilfields”) is a vertically integrated Argentine energy company, engaged in oil and gas exploration and production, and the transportation, refining, and marketing of gas and petroleum products.
Who was the owner of Repsol YPF in 1999?
YPF was privatized by Carlos Menem and bought by the Spanish firm Repsol in 1999; the resulting merger produced ‘Repsol YPF’. The renationalization of 51% of the firm was initiated in 2012 by President Cristina Fernández de Kirchner.
Who was the first director of YPF oil company?
Founded in 1922 under President Hipólito Yrigoyen ‘s administration, YPF was the first oil company established as a state enterprise outside of the Soviet Union, and the first state oil company to become vertically integrated. YPF’s first director was Enrique Mosconi, who took up his charge in 1922, remaining there until 1930.
Who was the first director of YPF in Bolivia?
YPF’s creation was followed by the creation of ANCAP in Uruguay (1931), YPFB in Bolivia (1936), Pemex in Mexico (1938), ENAP in Chile (1950), and Petrobras in Brazil (1953). Mosconi served as YPF’s first director.