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Argentina's YPF struggling to find investors

With most of its oil and gas producing fields maturing, Argentina's oil company needs to find investors for the Vaca Muerta to change fortunes

A little more than a year ago, Argentina's president Cristina Fernandez de Kirchner nationalised Spanish company Repsol's 51% stake in YPF. As the country's fuel import bill soared, Fernandez accused the Spanish company of milking its Argentine subsidiary for profits while allowing reserves and production to slide. Renationalising YPF (it was privatised in the early 1990s) also gave Fernandez's waning public support a short-term boost. YPF's raison deatre under the expropriation legislation is to restore Argentina's energy self sufficiency. It is a tall order. Although Fernandez blamed Repsol for much of the deterioration of her country's energy industry, the company can hardly be blamed: A

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