Argentina to fully privatize state owned YPF

Journal Article · Mon Oct 05 00:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:6993802

Argentina's Congress has voted to fully privatize state petroleum company Yacimientos Petroliferos Fiscales (YPF), a move the government expects to net at least $8 billion. Despite some political opposition, the vote was 119-10 in favor, with one abstention and opposition party members refusing to participate in the vote. Argentina's President Carlos Menem had threatened to authorize YPF privatization by decree if there was no quorum for a vote. YPF is responsible for 40% of Argentina's oil production. The country h as been self-sufficient in crude since 1982. Current production is 563,472 b/d, and proved reserves of oil and gas are valued at $7 billion.

• OSTI ID: 6993802
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:40; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ARGENTINA
DEVELOPING COUNTRIES
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
INDUSTRY
LATIN AMERICA
NATURAL GAS
PETROLEUM
PETROLEUM INDUSTRY
PLANNING
RESERVES
RESOURCE ASSESSMENT
RESOURCES
SOUTH AMERICA