Argentina seeks Petrobras collaboration in YPF

Argentina meeting: Officials from Argentina, Brazil talk investment after YPF seizure

Argentine Planning Minister Julio De Vido approached Brazil and its state-run oil company Petrobras on Friday to seek greater investments in its energy sector and collaboration with YPF which Argentina seized from Spain's Repsol.

Vido also said on Friday after a meeting with Brazil's energy minister, Edison Lobao, in Brasilia that he was optimistic Petrobras would come to an agreement with the provincial government of Neuquen, which suspended its exploration rights, Reuters reported.

Brazilian Energy Minister Edison Lobao said during a news conference following the meeting that Petrobras would invest all that it could in Argentina, which he said would amount to roughly $500 million in 2012, unchanged from 2011, according to the news wire.

Petrobras has budgeted total investments of $224 billion through 2015, most of…

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