Argentina's YPF aims to catch $1 bln in financing for investment in 2023

Kitco Media
By Reuters
Published:
Updated:
Reuters
BENGALURU, Feb 6 (Reuters) - Argentina's state-run company YPF aims to raise about $1 billion in financing as part of its return to debt markets this year, the company's chairman told Reuters on Monday. The money is expected to fund about 20% of a $5 billion investment plan for this year, primarily focused on boosting oil and gas output at the country's Vaca Muerta shale formation,
Chairman Pablo Gonzalez said on the sidelines of an energy conference in India. YPF and Malaysia's Petronas have planned a series of technical meetings on Feb. 22 in Argentina to discuss the legal terms of an ambitious liquefied natural gas (LNG) project in the South American country, Gonzalez added.
(Reporting by Nidhi Verma and Shariq Khan, Editing by Marianna Parraga)

Messaging: @mariannaparraga))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.