the president of YPF, Pablo Gonzalez, stated this Thursday that the oil company projects for 2023 investments for US$ 5,200 millionwhich represents an increase of more than 25% with respect to the amount with which it expects to close the current year in all its operations.
González, in addition, slipped the possibility of returning to go out to the market in search of part of that financing.
This was expressed this Thursday afternoon during the IV Conference on Public Policies of the Austral Universityin which he participated via streaming from the United States, since he is part of the entourage of the Minister of Economy, Sergio Massa, who will have the energy chapter in the city of Houston this Friday.
“We are executing a capex budget of US$3.7 billion and we are correcting it to US$4.1 billion“, Said the president of YPF, referring to the recent announcement of an increase in investment for the remainder of 2022, after a process of reducing its indebtedness by some US$ 1,700 million and a longer-term refinancing of its maturities.
[AHORA] – #JPP2022 PANEL: THE IMPACT OF VACA MUERTA
Leonardo Massimino – Professor at our School of Politics, Government and International Relations@jorge_sapag – Former Governor of Neuquén
Pablo González – President of YPF #SomosAustral pic.twitter.com/Beyn5zIU1t
— Austral University School of Government (@EGobiernoUA) September 8, 2022
On that path of recovery that translates into a increase in production expected 9%, considered the most important of the last 25 yearsGonzález anticipated that “perhaps next year it will be necessary to take on a little more debt because some US$5.2 billion can be invested and there it may be returning to the levels of 2014 and 2015.”
“All this encourages us. YPF is in a better situation, but we need to agree on this type of thing, with State policies and legal certainty with which the investments will come hand in hand with that. That is the challenge that we have,” Gonzalez stressed.
The president of YPF and the Secretary of Energy, flavia royonwill participate this Friday in Houston in the meetings that Minister Massa will hold with directors of the most important global oil companies such as ExxoMobil, Chevron, Shell, BP, and Total Energies and the Chamber of Special Oil Operations Companies
