September 12, 2022 |
Argentina's state-backed energy company YPF is considering selling debt next year to help finance a 25% increase in investment to boost oil and natural gas production and build export infrastructure, chairman Pablo González said.
"Maybe next year we are going to have to take on more debt" to cover the increase in its spending plan to $5.2 billion, he said on Thursday in a seminar hosted by Austral University outside Buenos Aires.
YPF plans to step up its capital expenditures from a proposed $4.1
Argentine energy company may need the funds to cover a $5.2 bln spending plan next year, chairman says