YPF, Repsol oil wells threatened in Argentina

The governor of Argentina’s Chubut province, Martin Buzzi, the largest oil producer in the country, said the “reality” of the oil company YPF, Repsol controlled by the Spanish, “is decadent” and warned it could take the granting of mining areas in the district. “YPF must show signs in a couple of weeks, because otherwise our decision in Chubut (which produces 31% of oil) will reverse the grant of exploitation,” he said in an interview published yesterday by the Buenos Aires daily “page 12 ‘. Buzzi head of the organization that brings together the governors of the ten provinces of Argentina and oil in particular responsible YPF, the largest producer of oil from the country, the fall in production by failing to invest enough, although the patrolera claims to have broken all in 2011, with 50% more investment dollars 3.057 million last year.
The threat is part of the government’s campaign of Cristina Fernandez, whose disagreements with the oil in which Repsol has 57.43 percent of the shares have grown in recent weeks. Read Article