Argentina’s Rio Negro province will revoke three oil-field licenses from YPF SA (YPFD), the country’s largest energy company, newspaper Rio Negro reported today, citing a government official it didn’t identify.
The three areas are producing less than output targets set by the provincial government, the newspaper said. YPF has five fields in the southern province, according to the report. The Buenos Aires-based company has had 13 oil-field concessions revoked this month, including the three announced today.
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