ARGENTINA SPELLS OUT UPSTREAM, DOWNSTREAM PLANS

03/20/1995
The head of Yacimientos Petroliferos Fiscales SA, Buenos Aires, has outlined an ambitious oil and gas development plan for Argentina into the next century. Jose A. Estenssoro said capital spending of about $27 billion through 2004 should allow YPF to maintain the strong performance achieved since it concluded a 2 1/2 year privatization process in June 1993. YPF expects to contribute more than $15 billion of the projected spending. The sums do not include a commitment of more than $1.7 billion to acquire Maxus Energy Corp. The breakout is $1 billion in Maxus debt assumption and $742 million to buy the Dallas company's common stock (O...
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