Argentina's YPF Registers $25 Bln Oil Project for RIGI Investment ...
35 Articles
35 Articles
BUENOS AIRES (AP) — Argentina's state-controlled oil company YPF announced Friday a $25 billion investment to export oil from Vaca Muerta, one of the world's largest unconventional hydrocarbon reserves.
Argentina's YPF registers proposed $25B oil project for RIGI incentive program (YPF:NYSE)
Argentina's YPF unveiled a proposed $25B project aimed at boosting development of the Vaca Muerta shale formation and submitted it for inclusion in the government's RIGI incentive program.
The state oil company asked to join the big investment incentive regime (RIGI) for LLL Oil, Argentina's most important oil export project
This is the largest oil export program presented under this regime, according to the director of the oil company, Horacio Marín
The state oil company will invest USD 25 billion in 15 years. The plan seeks to produce 240,000 barrels per day for the external market. YPF formalized its accession to RIGI on Thursday to launch LLL Oil. The company defines this initiative as the most important oil export program in the history of Argentina. The project contemplates an investment of USD 25 billion and aims to generate revenues of more than USD 100 billion during its useful life…
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