YPF Plans to Secure $2B in Funding for Vaca Muerta Pipeline Project
YPFYPF(YPF) ZACKS·2024-11-22 02:15

YPF Sociedad Anonima (YPF) , Argentina’s state-owned oil company, is looking to secure external funding for the Vaca Muerta Sur project. The project is being developed by Vaca Muerta Oil Sur under the control of YPF. The company is seeking $2 billion to complete the project by the June quarter of 2025.Key Objective of the ProjectThe project is intended to increase Argentina’s export capacity and position the country as a major oil exporter in the region. It is anticipated to transport another 390,000 barrel ...