Arab Today, arab today repsol ypf loses concessions
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Repsol YPF loses concessions

Arab Today, arab today

Arab Today, arab today Repsol YPF loses concessions

Buenos Aires - AFP

Spanish-Argentine oil firm Repsol YPF on Wednesday lost two concessions in southern Argentina amid a dispute over acceptable investment levels, and the company said it would appeal. Chubut governor Martin Buzzi made the announcement at a ceremony near the province of Santa Cruz. Santa Cruz and Chubut had given the company a deadline of Tuesday to present a plan to increase output by 15 percent, which lapsed. The provinces, among Argentina\'s leading oil producers, maintain the company has not kept its word on development investment. Repsol YPF said in a statement it would \"take the appropriate legal steps to ensure that its rights are protected.\" The government is pressuring producers, including others in Neuquen and Mendoza provinces, to boost domestic output. Last year Argentina spent more than nine billion dollars on imported oil. President Kristina Kirchner\'s family political base is in oil-rich Santa Cruz. Argentine law allows for concessions to be revoked in some circumstances, said industry analyst Fernando Mezzadri. Repsol YPF, privatized in the 1990s for 16 billion dollars, is the local market leader in gasoline sales and has 52 percent of domestic refining capacity.

arabstoday
arabstoday

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 repsol ypf loses concessions Arab Today, arab today repsol ypf loses concessions

 



Arab Today, arab today

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 repsol ypf loses concessions Arab Today, arab today repsol ypf loses concessions

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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