Miguel Galuccio was named the CEO of oil company YPF by Argentina’s President Cristina Fernandez de Kirchner, after she nationalized the company in May, seizing assets of Spanish oil company Repsol. (JUAN MABROMATA/AFP/GettyImages)
Argentina’s largest oil and gas company, YPF, has embarked on an ambitious effort to show that it is a solid bet for investors despite its nationalization by Buenos Aires. The recent push by YPF to meet with executives of Apache Corp. (NYSE: APA), Chevron (NYSE: CVX), Exxon Mobil (NYSE: XOM), Gazprom (LSE: OGZD), Sinopec (NYSE: SNP),
and China National Offshore Oil Corporation (NYSE: CEO)
to discuss possible partnerships to develop the country’s vast shale gas reserves is part of its attempt to overcome investor fears raised by its recent nationalization.
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