The CEO of the company spoke about the energy investment opportunities offered by the national oil company. He seeks to concentrate financing on energy transition projects and the development of Vaca Muerta.
Within the framework of the international projections that YPF, the company gave a conference to exhibit the investment possibilities that the company has. The company seeks to concentrate financing on projects of energy transition and in the development of Dead cow.
He CEO of YPF, was part of the Argentine delegation in Chinawhere the development International Exhibition of Petroleum and Petrochemical Technology and Equipment from that country. The national official was in charge of giving the inauguration presentation, together with other directors of energy companies and government leaders.
The president of YPF, Pablo González, stressed that the EBITDA -financial indicator that expresses the company’s gross profit before considering financial expenses- for the first quarter of 2023 was higher than u$s1,000 million, a figure that is reached for the fifth consecutive period. In addition, these indices represent a production growth of 7% in oil and 3% in gas compared to the first quarter of 2022.
For this year, the company projects investments for u$s 5,000 million with strategic projects in terms of production and transport that will allow accelerating the current growth.
Subsequently, the CEO was in charge of giving details on the state of progress of the infrastructure works of the Vaca Muerta gas pipeline and the financing possibilities it represents, with the expectation that it will become a benchmark for energy production in the region.
Other projects on display were the Palermo Aikethe second most important geological formation with gas and non-conventional energy potential in the country located in Santa Cruz.
On the same day, the leader of the oil company participated in a meeting at the China National Petroleum Corporationwith the owner of that company and its peers Industrial and Co.Commercial Bank of China and of the China National Offshore Oil Corporation, in view of determining investment plans in the aforementioned deposits and in spaces for the production of LNG.
China National Petroleum Corporation is one of the largest oil companies in the world, as well as the main producer and distributor of oil and gas in china and participates in the entire oil production and distribution chain, as well as in the manufacture of petrochemical products.
Source: Ambito
