The president of YPF, Pablo Gonzalez, stated this Thursday that “privatizing YPF would be giving away the patrimony of Argentines”, when defending the mixed administration of the oil company, in the 4th Industrial Congress of the National Consensus of Labor and Production. The Libertarian candidate Javier Miley, advanced that will move forward with its privatization in case of becoming president.
In his speech during the second day of the event that takes place in La Rural, gonzalez stressed that “YPF has five thousand records of supplier SMEs with which we interact and to which we provide technical and management training tools.”
“We have several large infrastructure projects: Vaca Muerta Norte, an oil pipeline that will connect with the other oil pipeline that goes to Chile, and Vaca Muerta Sur, which will generate thousands and thousands of jobs,” he said.
He also listed his management achievements and remarked that the company “is in a much better situation than it was seven years ago: Pushed by Vaca Muerta, we increased our production of unconventional barrels by 8% year-on-year and the value of our shares rose 200% in dollars.” In addition, he said that “the president of the Hong Kong Stock Exchange invited us to list there.”
Criticism of Milei’s privatization proposals
In another section of his dissertation, he defended the current administration of the oil company and stressed that “we must continue with this model, 51% of the State and 49% of the private sector.”
“YPF has the possibility of being the growth engine of Argentina,” he added, and at this point, he indicated that “privatizing YPF would be giving away the patrimony of the Argentines”.
“I’m very worried What is the excuse to privatize YPF? does not give lossesit would be giving away the future of Argentines,” said González.
The libertarian candidate, Javier Milei, had advanced his plans for the company before the STEP. “YPF has to be privatized, like Aerolíneas Argentinas. They have an exorbitant amount of political posts. That doesn’t work like that. The model does not work kirchneristasnor that of Together for Change. Nothing the State does can be efficient,” he said during a tour of the city of Mar del Plata last July.
And in an interview with C5N, the candidate for head of government of Libertad Avanza, Ramiro Marra, He also expressed himself regarding Milei’s plans for the company in case he arrived at the Casa Rosada. “YPF It would also be a company that we have to privatize because it is clearly used to do party politics, beyond all the mistakes that were made in the nationalization,” he said.
“No country hands over its strategic resources: let them go to Saudi Arabia or Qatar and say they want to privatize oil and see what they tell them,” González ironized about the libertarian candidate’s proposal.
On the other hand, he joined the request of the SMEs so that the LNG law and remarked that “Hydrocarbon is not a commodity, it is a national strategic asset”. In addition, he maintained that this regulation “will generate the necessary legal certainty to guarantee investments.”
“I hope that all political spaces are aware that LNG has to be a State policy. It is a resource that will generate genuine work and will allow the entry of 10 billion dollars. In addition, through offshore production, it can help us double YPF’s current production”, he concluded.
Together with the president of Industriales PyMEs Argentinos (IPA), Daniel Rosato, they led the talk “Insertion of industrial SMEs within the YPF supplier development plan.”
During the presentation, Rosato highlighted the positive impact on SMEs of YPF’s current management and stated that “our flagship oil company is once again inserted in the world.”
“Our greatest concern is what may come because we are listening to certain presidential candidates who speak of an opening of the economy, of privatizations, of situations that will harm us SMEs; we have already lived through that experience and we know how it ends,” pointed out.
Source: Ambito
