Weekly Report - 26 July 2012 (WR-12-29)

Actions speak louder than words, and words can hardly replace capital investment. This week, however, Minister of Planning Julio de Vido and the CEO of the recently re-nationalised Yacimientos Petrolíferos Fiscales (YPF), Miguel Galuccio, celebrated the invitation made by President Hugo Chávez of Venezuela for the largest company in Argentina to participate in the development of the Orinoco heavy crude belt. However, YPF is struggling to source capital investment to exploit the highly lucrative shale gas and oil deposits in Argentina, let alone get involved in new ventures elsewhere.

End of preview - This article contains approximately 757 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial