Arab Today, arab today argentina\s ypf pledges to continue gas supplies
Last Updated : GMT 12:12:15
Arab Today, arab today
Arab Today, arab today

Argentina\'s YPF pledges to continue gas supplies

Arab Today, arab today

Arab Today, arab today Argentina\'s YPF pledges to continue gas supplies

Buenos Aires - AFP

Argentina's YPF oil company announced Saturday it would continue to provide liquefied natural gas to local customers despite the decision of Spain's Repsol to cancel deliveries. Repsol had been the majority owner of the Repsol YPF business alliance until the Argentine government decided this month to nationalize the company. The team charged with expropriating Repsol's interest, headed by Argentine Federal Planning Minister Julio de Vido, said in a statement the company would increase supplies of liquefied natural gas (LNG). "There will be five million additional cubic meters per day" because of greater production and increased purchases from Bolivia, the statement said. Late last year, Argentine public energy company Enarsa Repsol contracted to buy 10 of the 81 LNG shipments Repsol planned to import into Argentina in 2012 to alleviate a shortage of local production. The first delivery was scheduled for May 14. During the controversy over the Argentine government's decision to expropriate 51 percent of the shares of YPF from its Spanish owners, Repsol informed Enarsa it was suspending delivery of the LNG. YPF produces 34 percent of Argentina's oil and 25 percent of its gas, and the company holds some 54 percent of the nation's refining capacity, according to the private Argentine Petroleum Institute. When President Cristina Kirchner announced April 16 that Argentina would nationalize Repsol YPF, she said the decision was prompted by Repsol's lack of investment in YPF. As a result, she said Argentina was forced to import about $9.3 billion of oil in 2011, while this year oil imports are estimated to reach $12 billion. Repsol responded with paid advertisements in Argentina saying the company has invested $20 billion in Argentina, the largest investment in the country's history. The legislative proposal to nationalize Repsol's interest in the oil company is expected to be enacted next week by Argentina's Congress. The measure has drawn huge opposition from Spain, the European Union and the World Bank.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today argentina\s ypf pledges to continue gas supplies Arab Today, arab today argentina\s ypf pledges to continue gas supplies

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 21:38 2017 Thursday ,16 February

Kuwait Oil Price Down 25 cents to $52.30 pb

GMT 14:40 2017 Thursday ,16 February

OPEC daily basket price announced for Wednesday

GMT 19:14 2017 Wednesday ,15 February

Gasoline, diesel prices increase 100 L.L.

GMT 04:39 2017 Wednesday ,15 February

Oman Crude Oil Financial contract closes at US$55.45

GMT 04:39 2017 Wednesday ,15 February

Oman Crude Oil Financial contract closes at US$55.45
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday