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LatinNews Daily - 06 April 2018

In brief: Argentina

Argentina: Daniel González has been approved as the new CEO of Argentina’s state-run oil company, Yacimientos Petrolíferos Fiscales (YPF). González has been the company’s financial executive vice president (CFO) for the past six years, and in the last year he has managed YPF’s partnership companies and been part of the company’s executive committee. The move was agreed by managing director Miguel Gutiérrez on 5 April in an attempt to strengthen the company’s corporate management. In a statement, Gutiérrez said that he "trusts" that González will be able to "fulfil the company objectives set out in their October 2017 strategy", which plans to increase YPF’s investments by approximately US$30bn in the next five years. As CFO, González helped establish alliances with multinationals Petronas (Malaysia), Schlumberger (France), Shell (British-Dutch), Pampa Energía (Argentina), and Statoil (Norway) for the development of Vaca Muerta, a major shale hydrocarbon deposit in Argentina’s Neuquén Basin.

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