Monday, September 16, 2024
name of Prensa Latina
Bandera inglesa
English Edition
Search
Close this search box.
name of Prensa Latina

NEWS

NEWS

Importance of YPF for energy sovereignty in Argentina

importance-of-ypf-for-energy-sovereignty-in-argentina
Buenos Aires, Jun 4 (Prensa Latina) The president of Argentina, Alberto Fernández, and deputy president, Cristina Fernández, highlighted the importance of the recovery by the State of company Yacimientos Petrolíferos Fiscales (YPF) for the energy sovereignty of this country.

During an act for the centennial of that company, both highlighted its fundamental role in the economic and social development of Argentina and questioned the effects and debts caused by the administration of Mauricio Macri (2015-2019).

On April 16, 2012, at the initiative of the then Head of State, a law was approved that declared the self-sufficiency of hydrocarbons to be of national public interest and 51 percent of YPF shares were expropriated from the Spanish transnational Repsol.

YPF had ceased to be Argentine and was in foreign hands. In 2011 we were net importers of oil and gas. It was essential to recover hydrocarbon sovereignty to have a project for the country, asserted the current president of the Senate.

The decisions that respond to the interests of the great majorities find a lot of criticism, but I feel that I fulfilled my duty to return YPF and all its potential to the Argentines, she added.

For his part, the president assured that YPF is today at the head of the Argentine industry and highlighted the importance of the construction of the Néstor Kirchner gas pipeline.

We recently commemorated the 10th anniversary of the day that YPF was once again in the hands of the State, which was essential to think about and guarantee the development of the country. On the centennial of that entity, we are very happy with the results obtained, he indicated.

Argentina has an enormous opportunity towards a future that we must build together. In order for YPF to continue developing, we need that those who managed it do not take over the nation with their own ranch. That is why we must join efforts and work together for the most neglected, he pointed out.

Likewise, he urged to continue building a just, free and sovereign country.

ef/jha/gas

LATEST NEWS
RELATED