YPF leaves Santa Cruz and pays him $335 million for "environmental liabilities"

The important agreement between YPF and the province of Santa Cruz, which was signed on April 2, 2025, marks a milestone with little history in the history of the country’s oil exploitation. This agreement not only implies the return of 10 hydrocarbon areas to the province, but also the assumption of important commitments by the operator to clean up the environmental liabilities left by its activity, with a specific time frame to accomplish this…

After 80 years of operation, YPF -the largest Argentine company- is leaving Santa Cruz. The company reached an agreement with the governor of the province, Claudio Vidal. It will cede the areas that was still operating to Fomicruz, the oil company of Santa Cruz. In addition, it will pay US$ 335 million "for the environmental liability" generated in almost 80 years of operation.Petroleo YPF made a drastic decision: it sells everything that is not…

Since its launch in 2019, the YPF app has been consolidated as the most visible tool in its digitalization strategy. And it goes for more, with the help of the giant tech.

In the first instance, the provincial president referred to the principle of agreement with the operator YPF for the environmental liability after his departure from the province. In this regard, he said: “More than a year ago we have come with a lot of work in relation to the issue YPF at a difficult time in the economic for the province and the country. We are working day by day, this government did not have rest and we do everything possible …

Fuels will suffer a new increase throughout the country, driven by the state oil company YPF. The average adjustment will be around 2%, although the final impact could vary depending on the region and the oil company operating in each area. The adjustment will be reflected in the prices of the main cities of the country, and in the City of Buenos Aires the new values will be as follows: Super Nafta: from $1,173 to $1,224.Premium Nafta: from $1,4…