Natasha Niebieskikwiat
03/03/2020 - 18:58
- Clarín.com
- Politics
Argentine oil sources advanced in a meeting with journalists that the balance sheet 2019 will close with numbers in red . The results will be known this Friday and will be "unsatisfactory" said in the company, whose actions in New York brushed on Monday historical lows since it went public.
The main asset of YPF is Vaca Muerta . The Neuquino site is experiencing a major crisis due to lack of investments, in a very adverse context, although in YPF they deny that there is a paralysis in Vaca Muerta as it has transpired.
However, the context is important as they admit in the YPF Tower of Puerto Madero, where a breakfast was held for women journalists organized by YPF in the prelude to Women's Day. The price of gas has fallen: a few months ago it cost $ 17 a million BTU and in the last tender $ 1.10.
The change of government , the uncertainty of the economy, the swings of the debt negotiations (YPF has a maturity of one billion dollars next year), and with a country risk that exceeds 2,000 points at times, hit Argentine companies listed in New York, including YPF. The president of the Board is Guillermo Nielsen .
In order for Vaca Muerta to be profitable, a gas price is needed between 3.5 and 4 dollars. Much of the fall in the price of gas has as its scenario the self-sufficiency of the United States, which set up a true "Saudi Arabia" within its own territory for its impressive shale production.
Image of the campaign that will launch YPF for Women's Day
According to the Committee of Diversity Perspective of transversal gender in YPF, only 20% of the company are women. He detected that there was an increase in the participation of women from 5.7% to 10.3% of executive women; from 11.9% to 14.3% of women in leadership positions; from 42% to 48% of women in the New Professionals Program. And 47% of the external income lists included women.
This Sunday YPF will launch a special campaign for Women's Day. The members of the so-called Diversity Committee are Anabel Perrone, Executive Director of the YPF Foundation, Head of External Affairs and Social Investment and chair of the YPF Diversity Committee; Luján Bianchi, the Chief of Compliance (which controls the company's standards and ethical codes); and Poly Argento, Diversity Leader and member of the Petroleum Diversity Committee.
It was also said that YPF will sustain its investment plans, although not other colleagues. Today the oil that is taken from Vaca Muerta is a very light oil and there are technical limitations in the distilleries that exist in Argentina and therefore what is done is a blend to produce it. "The cheap oil stage was over a while ago , " they say at YPF.
As for the price of gasoline, oil company executives are convinced that today there is an "absolute" parity between the national and international prices (the price has just risen between 13 and 15 cents for a tax). And they point out that "there is no delay" because the price of Brent fell, which is the North Sea oil that governs oil prices in Argentina.
