Eurnekian Oil Company Advances in the Shale and Also Bets on Santa Cruz

The oil company General Fuel Company S.A. (CGC) announced an injection of capital for US$ 150 million. The operation, approved unanimously by the Shareholders’ Assembly, was announced after the recent entry of CGC to Vaca Muerta, when it acquired 49% of the concession of non-conventional exploitation of hydrocarbons in the area “Aguada del Chañar”, operated by YPF S.A. In this regard, Hugo Eurnekian, president and CEO of CGC, highlighted: “The e…