That move dragged the company to a loss of 30.2 billion pesos in the three months to September, a tumble from a narrow 1.88 billion peso profit in the year-ago period.

Revenues, however, were on the upswing, surging 39% to 55.84 billion pesos as the company continued to boost production.

The country's Crude Oil Production Stimulus Programme "was discontinued as of 2016," YPF said in a statement.

The