High gas producing province in Argentina YPF enjoined to invest more in 2012. The province of Neuquén, the largest producer of natural gas from Argentina, today urged the oil company YPF, controlled by the Spanish Repsol, to increase production and investment in the district, officials said.
Undersecretary of Mining and Hydrocarbons of Neuquén, Hector Mendiberri, sent a note to the oil in which he requested an action plan to reverse the situation of three areas of the basin, operated by YPF to remain, according to provincial authorities, "without verifiable production or investment. "
The areas in question are Don Ruiz, Chihuido of Salina and Mangrullo Corner, the provincial government said in a statement.
In recent days also the provinces of Mendoza, Chubut and Santa Cruz sent notes to YPF in which you call on them to increase investment and production, otherwise remove concession areas for oil exploitation if it does not.
The Government also increased the pressure on Argentine YPF in recent weeks with allegations about an alleged lack of investment by the company and amid rumors about alleged plans for nationalization or intervention, never officially confirmed, the largest producer of oil from Argentina .
YPF increased its investment in Argentina by 50 percent in 2011 to a record of 13,300 million pesos (3,050 million).
The oil is controlled by Repsol, which has 57.43% of the shares, and owned by the Argentine group Petersen, with 25.46%. EFE
Undersecretary of Mining and Hydrocarbons of Neuquén, Hector Mendiberri, sent a note to the oil in which he requested an action plan to reverse the situation of three areas of the basin, operated by YPF to remain, according to provincial authorities, "without verifiable production or investment. "
The areas in question are Don Ruiz, Chihuido of Salina and Mangrullo Corner, the provincial government said in a statement.
In recent days also the provinces of Mendoza, Chubut and Santa Cruz sent notes to YPF in which you call on them to increase investment and production, otherwise remove concession areas for oil exploitation if it does not.
The Government also increased the pressure on Argentine YPF in recent weeks with allegations about an alleged lack of investment by the company and amid rumors about alleged plans for nationalization or intervention, never officially confirmed, the largest producer of oil from Argentina .
YPF increased its investment in Argentina by 50 percent in 2011 to a record of 13,300 million pesos (3,050 million).
The oil is controlled by Repsol, which has 57.43% of the shares, and owned by the Argentine group Petersen, with 25.46%. EFE
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