Argentina
expropriated
51%
of
YPF
owned
by
Repsol,
saying
that
the
company
needed
to
invest
more
to
address
the
South
American
country's
energy
shortage.
Repsol
has
said
it
had
consistently
raised
investment
at
YPF
and
analysts
said
Argentina's
price
controls
on
oil
and
gas
were
the
reason
companies
had
not
invested
more
in
production.
Argentine
Planning
Minister
Julio
De
Vido
-
the
state-appointed
interim
administrator
-
approached
Brazil's
Petrobras
over
investment
in
YPF
last
week
and
plans
to
contact
other
foreign
oil
companies
such
as
Exxon,
Chevron
and
ConocoPhilips.
"Repsol
reserves
the
right
to…
