Tag: Argentina
The Argentine Treasury complaint to HSBC bank for alleged fraud
The Treasury said today that Argentina has denounced the British bank HSBC (London: HSBA.L – news) for alleged money laundering and tax evasion from alleged irregular maneuvers carried out since 2009. The head of the Federal Administration of Public Revenue (AFIP), Ricardo Echegaray, said at a press conference that the complaint was filed and before [...]
An Influential U.S. Senator Proposes to Suspend Argentina to the G-20 in the Case of YPF
The influential U.S. Sen. Richard Lugar has proposed the suspension of Argentina’s G-20 after accusing the president of that country, Cristina Fernandez of “breach of the regulations and international agreements” for the expropriation of Repsol YPF to the Spanish group, said today his office. Lugar, the ranking Republican on the Foreign Relations Committee of the [...]
U.S. believes that Argentina’s decision creates a very negative investment climate
The U.S. government today was “very concerned” about Argentina’s decision to expropriate the oil company YPF, which “creates a very negative investment climate” and urged the country to “normalize relations with the international financial community.” The State Department spokesman, Mark Toner said in his press conference that the expropriation of 51% stake in YPF oil [...]
Repsol Warns to Argentina that they Must Pay the Real Value of YPF
The chairman of Spanish oil company Repsol, Antoni Brufau, warned Wednesday that the Argentine government must pay “just compensation” for expropriation of its subsidiary YPF, valued at more than 10,000 million dollars (about 8,000 million euros). “They will have to pay the fair price for these decisions wrong and devious,” he told reporters at the [...]
The WTO only would be pronounced in the case of YPF if the EU files a complaint
The World Trade Organization (WTO) could only rule on expropriation by the Government of Argentina’s YPF oil company, controlled by the Spanish group Repsol, if the EU would raise demand. This was said today in WTO to be asked about plans announced by the President of Argentina, Cristina Fernandez, to expropriate the assets of 51% [...]
Obama Met with the Presidents of Argentina, Guatemala, El Salvador and Peru
The U.S. President Barack Obama, had brief meetings today in Cartagena (Colombia) on the sidelines of the plenary of the Sixth Summit of the Americas with their counterparts in Argentina, Guatemala, El Salvador and Peru, according to White House . Obama’s meeting with the president of Argentina, Cristina Fernandez, was the first between the two [...]
The UK wants Argentina to return a debt prior to the war
The UK wants Argentina to return a debt of 45 billion pounds (71.41 million dollars at current exchange rates) for a loan in 1979 to the military junta in Argentina, which financed, in part, weaponry used in the invasion of the Falklands, the Financial Times reported today (FT). With that amount, the Government of Argentina [...]
YPF negotiates an agreement with Exxon to exploit the largest reserve Argentina
YPF oil company, controlled by the Spanish Repsol, Exxon Mobil negotiates with an agreement to exploit oil and unconventional gas deposit in the Vaca Muerta in Argentina’s Neuquen province, told sources of the company. “We have a definitive agreement with Exxon. We are in negotiations to exploit oil and unconventional gas in Vaca Muerta, but [...]
Repsol-YPF announces discovery of oil in Argentina
The Spanish oil company Repsol-YPF, Argentina announced Thursday the discovery of conventional oil and shale in Argentina’s Mendoza province (west), in the midst of a struggle with the government of Cristina Kirchner accusing the company of non- investment. “YPF reports that made a major oil discovery in Mendoza are two wells ‘oil shale’ (shale) in [...]
YPF responds to the Argentine government on a new week of tensions
Argentina’s YPF oil company, controlled by the Spanish Repsol, the last statement of releases to try to stop the onslaught of the Argentine authorities in a week you could lose new operating licenses in the west. The oil present his defense today to the government of the province of Mendoza and will do the same [...]
