President Petroleum distances itself from YPF
AIM-listed oil and gas group President Petroleum has said it notes the recent events relating to YPF in Argentina, and remains 'fully committed' to operating in the country.
AIM-listed oil and gas group President Petroleum has said it notes the recent events relating to YPF in Argentina, and remains 'fully committed' to operating in the country.
"President and its partner continue in the normal professional way to work constructively with the Salta Province in relation to the expeditious developing of their hydrocarbon assets in the region," the firm said.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Argentinian authorities have said YPF invested too little to raise oil field output in the country, something the company has denied.
Earlier today Spain has threatened to retaliate over the nationalisation, indicating the increased possibility of a trade war between the two counties.
NR
-
The UK areas which saw biggest jump in asking prices in 2025 – is yours on the list?We look at the UK areas where asking prices rose the most last year.
-
‘Sandwich generation’ carers losing £6,000 a year to support elderly relativesMiddle-aged adults are often caught between caring for children or grandchildren and their elderly parents, leaving them taking time out of the workforce and facing a huge hit to wages while they are still trying to save for retirement. We look at the true cost of caring.
