Argentina looks for investors to develop its oil output

Argentina's Congress approves the re-nationalisation of YPF (phto:dpa)
Argentina's Congress approves the re-nationalisation of YPF (phto:dpa)

A 10-year plan to develop exploration and production in Argentina’s oil and gas sectors has been outlined by the national oil company YPF’s new chief executive. But the plan, costing US$10 billion needs investors. Argentina’s recent re-nationalisation of Spanish owned YPF is hugely popular in the country but will the country’s track record frighten off foreign investors?

ARGENTINA is a most unwelcome country for foreign investment.

It has a growing trend for crony-capitalism together with a depressing decline in its administration of the law.

Combine these policies with its international perception as one of the most corrupt countries ...

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