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Argentina Seeks Joint Energy Venture With Brazil-FT

LONDON -(Dow Jones)- Argentina is seeking joint energy ventures with Brazil after the international community condemned Argentina for plans to nationalize oil group YPF SA (YPF, YPFD.BA), the country's biggest oil and gas producer, the Financial Times reported Sunday. Julio de Vido, the planning minister who is in temporary charge of YPF, traveled to Brasilia for talks to Edision Lobao, Brazil's energy minister, and Maria das Gracas Silva Foster, Petrobras chief, the newspaper said. Last week, Argentine President Cristina Kirchner sponsored legislation to seize a 51% stake in the YPF from Spain's Repsol YPF SA (REPYY, REP.MC). "The challenge that this new YPF and Petrobras have is to work together, in joint businesses and joint finances," de Vido said, according to the FT. Brazil's state-run energy giant, Petroleo Brasileiro SA (PBR, PETR4.BR), said Friday it will continue to invest about $500 million a year in Argentina even as Argentina moves to expropriate a major oil and gas company from private investors. By Jenny Gross, Dow Jones Newswires, +44 779 932 4778; jenny.gross@dowjones.com

Stock News for Y P F Sociedade Anon (YPF)
DateTimeHeadline
09/25/201413:29:14Ecuador's Petroamazonas Begins Final Negotiations On Oil Recovery...
07/25/201416:20:19Argentine Delegation to Return Home
07/25/201415:53:21Argentine Delegation to Return Home After Debt Talks Fail to...
07/24/201406:05:55Repsol 2Q Profit Jumps on Capital Gains
07/23/201412:57:14Repsol Says Studying Different Upstream Transactions, Including...
06/10/201421:30:21Argentina To Expand Oil & Gas Investment Incentives
06/03/201418:38:46Mexico's Pemex To Sell 7.9% of Its Stake in Spain's Repsol...
05/14/201405:00:05Repsol Builds War Chest with Bond Sale
05/09/201415:22:24Repsol To Sell YPF Compensation Bonds It Received from Argentina
05/08/201404:33:18Repsol 1Q Profit Rises 27% Partly from Divestment Gains
04/24/201405:30:05Repsol Says Argentina Approves Compensation Deal
04/24/201404:59:40Repsol Says Argentina Parliament Approves Compensation Deal
04/10/201418:17:20Chevron Signals It Will Continue Argentina Shale Investments
03/10/201417:42:18ADR Shares End Lower; Petrobras Shares Active
03/07/201417:52:49Argentina's YPF Boosts Fourth-Quarter Profit by 88%
02/20/201419:28:33Repsol, Argentina Expected to Sign Settlement Over YPF Shortly...
02/18/201412:22:40Argentina's YPF Working on Shale Deal With Malaysia's Petronas
02/14/201413:44:45Apache President Plank Retires, Leon Named Finance Chief
02/12/201419:33:09Apache to Sell Argentina Operations to YPF for $800 Million...
02/12/201417:48:17Apache to Sell Argentina Operations to YPF for $800 Million

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