AP News

Argentina's YPF, Russia's Gazprom talk strategy

BUENOS AIRES, Argentina (AP) — Argentina's state-controlled YPF energy company has reached a strategic accord with Russia's Gazprom.

Tuesday's announcement about the accord lacked specifics, but YPF President Miguel Galuccio said it could lead to partnerships with the Russians in drilling for shale oil and gas in the South American country, as well as more supplies of Russian liquefied natural gas for Argentina's energy-hungry economy.

Gazprom is the world leader in gas production. Its board president, Alexey Miller, met with Galuccio in Moscow Tuesday to discuss shared strategies.

Galuccio is on a global road trip in search of partners, and plans to talk to America's major oil companies in the U.S. later this month.

China's Killer Profits
blog comments powered by Disqus