In that sense, he pointed out that this measure allowed a “notable increase in investment to start up the productive development of Vaca Muerta, the world’s second largest unconventional gas reserve and the fourth unconventional oil reserve. And thus, changing energy history of our country.”
“After a new stage of disinvestment and decline since the end of 2015, YPF is going through a remarkable recovery process, with the largest investment program in the last five years (USD 3.7 billion),” the minister wrote on his Twitter account.
And he stated: “When YPF grows, the entire national energy industry is strengthened.”
Finally, he stressed that “today Argentina faces a great opportunity to accelerate energy development, which would be transformational for our production system and economic stability.”
“The decision on YPF on April 16, 2012 allows this path to be possible 10 years later,” he concluded.
At the beginning of April, YPF directors affirmed in a meeting with Guzmán and other ministry authorities that, with the promotion of new infrastructure works, the company could produce more than one million barrels of crude oil per day and 150 million m3 by 2026. /d of natural gas, generate more than US$ 10,000 million annually in energy balance surplus and promote more than US$ 40,000 accumulated in five years of upstream and downstream investments.
Source: Ambito
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