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New-look YPF taking shape

Argentina’s ‘energy champion’ shrugs off Repsol’s threat of legal action and vows to push ahead with development of Vaca Muerta

A month after the Argentine government muscled aside Spain’s Repsol and took the reins of YPF, the company has outlined an ambitious new strategy that will see it invest nearly $40 billion by 2017 in a bid to revive the country’s ailing energy sector. The nationalisation of YPF in May put Argentina’s energy sector firmly under the control of Cristina Fernandez de Kirchner’s government and turned the country’s largest oil and gas producer into a national champion for her energy policy. At the centre of that policy is a plan to reverse the rapid decline in oil and gas production which has seen Argentina develop an increasingly costly dependence on imports. Last year, the dollar-starved count

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