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:''for the Bolivian oil company, see ]'' | ||
| '''Yacimentos Petrolíferos Fiscales''' ('''YPF''') was an ] ] ] company. | '''Yacimentos Petrolíferos Fiscales''' ('''YPF''') was an ] ] ] company. | ||
| The company |
The company, specialising in the exploration, exploitation, distillation and sale of petroleum, had its origin in ], when the ''black gold'' was found near the city of ] in ]. The company was created in 1922 under the government of ], and was first directed by ]. It was the first oil company completely run by the state outside the ]. | ||
| Since its foundation, YPF |
Since its foundation, YPF built not only several extracting facilities but whole towns and cities, such as Comodoro Rivadavia, ] in ] and ] in ]. | ||
| During the presidency of ], and as one of his many controversial privatizations, 99% of the company was sold to Spanish ] |
During the presidency of ], and as one of his many controversial privatizations, 99% of the company was sold to Spanish ] ]. The union of the two companies is known as ]. Currently YPF represents almost 50% of Repsol-YPF production. | ||
| In 2004, |
In ], President ] created ] or ''Energía Argentina Sociedad Anónima'', an energy company of which the state controls 53%. Enarsa recently joined efforts with ]n state-owned ]. | ||
| ==External links== | ==External links== | ||
Revision as of 18:30, 27 July 2005
- for the Bolivian oil company, see YPFB
Yacimentos Petrolíferos Fiscales (YPF) was an Argentine state-owned oil company.
The company, specialising in the exploration, exploitation, distillation and sale of petroleum, had its origin in 1907, when the black gold was found near the city of Comodoro Rivadavia in Chubut. The company was created in 1922 under the government of Hipólito Yrigoyen, and was first directed by Enrique Mosconi. It was the first oil company completely run by the state outside the Soviet Union.
Since its foundation, YPF built not only several extracting facilities but whole towns and cities, such as Comodoro Rivadavia, Caleta Olivia in Santa Cruz and Plaza Huincul in Neuquén.
During the presidency of Carlos Menem, and as one of his many controversial privatizations, 99% of the company was sold to Spanish multinational corporation Repsol S.A.. The union of the two companies is known as Repsol-YPF. Currently YPF represents almost 50% of Repsol-YPF production.
In 2004, President Néstor Kirchner created Enarsa or Energía Argentina Sociedad Anónima, an energy company of which the state controls 53%. Enarsa recently joined efforts with Venezuelan state-owned Petróleos de Venezuela.
External links
- Repsol-YPF official site
- YPF Provatisation (Spanish)
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