Market Overview

YPF, Statoil in Partnership Talks

YPF (NYSE: YPF) and Statoil (NYSE: STO) are in talks regarding a possible partnership, as part of Argentina's plan to develop its energy reserves, according to Financial Times.

YPF CEO Miguel Galuccio, said he was travelling to Oslo on Monday to meet with Statoil. He also said he was confident deals with Chevron (NYSE: CVX) and Bridas would be completed this year.

Posted-In: Financial TimesNews Commodities Contracts Management Global Markets

 

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