May 6, 2021 |
YPF, the biggest energy company in Argentina, is sounding out potential buyers for a number of mature conventional oil fields to help finance its more profitable shale oil business, a source with knowledge of the plans said Wednesday, but the country's financial and political crisis could deter investors.
The state-backed company recently began the process, but it has not set the closing dates, the source said.
In March, YPF CEO Sergio Affronti mentioned the possibility of selling mature oil fie
Argentine energy company wants to use the proceeds to finance growth, but economic and political risks could deter investors