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Country generous - YPF imported oil due to shortages in Argentina

For the first time since the early seventies, the oil companies operating in Argentina must import gasoline to supply a market with some facilities stocked out.

subsidiary YPF, Argentina's Repsol-YPF is the company that will specify the import of about 50 million liters, to cover for over a month, the demand for high quality gasoline. We will try and stop scenes like that are repeated in some of its stations, which accumulate long queues of vehicles or closed for several hours with signs reading: "No fuel. YPF does not deliver."

energy experts, both advocates of free market advocates the reestatalización of YPF, warn that in the last decade Argentina has not invested enough to increase production of oil and gasoline. The result is the current shortage of gasoline, in addition to that at certain times of the year is also recorded with diesel and compressed natural gas.

The newspaper The Nation reported yesterday that YPF (the 84% owned by Repsol and 15% of the Eskenazi family, which has the management of the subsidiary) to import gasoline after three decades in which no oil has done Argentina . Until recently, the country exported gasoline.

YPF spokesman confirmed the purchase of fuel on the outside and attributed to two factors: the "demand growth" after the 2009 recession, and the fact that its competitors, the Brazilian Petrobras, Anglo Royal Dutch / Shell and Exxon Mobil, decreased production and increased prices. Exxon Mobil spokesman Argentina responded that it had increased its offer so far in 2010.

In recent weeks, some stations have been momentary interruption of sales due to lack of supply, while prices increased at even lower costs than in Brazil, but higher than those of Venezuela, to name two South American oil-producing countries.

In the past year and a half, gasoline prices rose 20%, and diesel, 40%, while since 2005 have shut down 3,500 petrol stations by the fall in profitability. Those that survive have cut its workforce and now face a union's request for an increase salaries by 30% before rising inflation that has been heated by the hand of economic recovery.

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The company found oil in the Falklands said to be of high quality oil

Rockhopper

The British company said today that the oil found in the Falklands by the Ocean Guardian rig is high quality. Rockopper
The finding, announced yesterday, was the first study in the framework of hydrocarbon exploration in the South Atlantic archipelago is severely challenged by Argentina and sparked an escalation in bilateral relations between the country and Great Britain.
"The records clearly indicate that we have found a reserve of high quality, high porosity and permeability," said director manager of the company, Samuel Moody. Rockhopper
shares today rose over 47 percent in the London market, having jumped more than 150 percent on the eve after the discovery of oil in the well 14/10-2 Sea Lion.
Analysts estimated that there could be some 2 million barrels in the reservoir.
In March, Desire company had already announced the discovery of a gas in a well called Liz, also in the northern basin, but said he had left because the reserves were of poor quality. Following the announcement of Rockhopper, Desire Petroleum securities rose 11.38 percent today.
yesterday through a statement signed by Foreign Minister Jorge Taiana, the Government came to the crossing of the find and the whole of the British oil and gas activity in the disputed area, which felt like "an illegal act that goes against international law and UN resolutions united. "
In the text of the Foreign Ministry, Argentina "rejects in the strongest terms the attempt to seize illegally from non-renewable natural resources owned by the Argentine people."

Does Cytherea Have Herpes

Malvinas Found: harsh reaction

Rockhopper The British firm announced its first discovery in the northern basin. "We are very excited," said the director of the company. The Foreign Ministry declared it an act "illegal." And claimed ownership of resources.

By: Natasha Niebieskikwiat

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BRITISH PLATFORM. THE OCEAN GUARDIAN, in Falkland waters.

Less than three months after the UK companies is released back to search oil in the waters of the Malvinas, as they did unsuccessfully in the '90s, the Rockhopper Exploration announced yesterday the discovery of oil in the basin operating north of the islands.

Through a statement signed by Foreign Minister Jorge Taiana, the Government came to the crossing and the disturbing finding of all the hydrocarbon of Britons in the area of \u200b\u200bdispute which he considered "an illegal act that goes against international law and UN resolutions." In the text, Argentina "rejects in the strongest terms the attempt to seize illegally from non-renewable natural resources owned by the Argentine people."
Starting in February, oil exploration in the Falklands, and the tightening of controls by the Government of vessels operating in the area and the presentation of the claim of sovereignty to Britain at every international forum sparked an escalation bilateral as not lived since the 1982 war.
The Rockhopper did not say if the discovered oil is "commercially viable". On the contrary said that from now on will focus on the analysis of the sample found after 20 days of sand and rock drilling to 2,740 meters deep South Atlantic. And now, if blind considering the well, or suspended to seek other gas and oil.
But the optimism of the industry is spread like a lit fuse in London where all the press reported on the matter. And as expected, the company's shares soared 138 percent. An analyst at Oriel Securities, one of the influential firms in the sector was even more optimistic in asserting that The Times newspaper, that the finding "very significant" and could represent up to 200 million barrels of oil at current oil prices, would account for 17,000 million pounds (U $ S 25,000 million):
From Rockhopper, which is licensed for now in two wells, and from the government island yesterday, there were also expressions of victory: "We are very excited about the results," said company director Samuel Moody.
remained in total silence the UK government, lost in elections for prime minister. But he also warned yesterday that country's press image for the coup in some sense they represent the ecological disaster caused in the Gulf of Mexico by the British Petroleum.
In late March the company Desire Petroleum, which operates four wells in the same basin north of the islands where the Rockhopper, which can access two more, "announced the discovery of oil" are not commercially viable. " That is, the quality or quantity does not justify the high costs of exploration in waters as "difficult" as the South Atlantic. Liz was the well that was capped and abandoned, and with it collapsed the company's stock.
The Desire and the Rockhopper operate in the same area and are using the Ocean Guardian rig, which arrived in the Falklands from Scotland in the last weeks of February, unleashing the fury of all political sectors in Argentina. Platform support vessels Traveller Maersk, Maersk Pacer and Toisan invincible. Also licensed in the Falklands, but in the southern basin of the islands, the Bordern & Southern Petroleum, BHP Billiton and its local partner Flakland Oil and Gas.
The discovery was announced yesterday in the well 14/10-2 in Lyon Sea oil block. According to the company, found oil at intervals of 53 meters, 25 meters deep.