YPF OF ARGENTINA SPELLS OUT PLAN FOR PRIVATELY OWNED FIRM

Argentina's Yacimientos Petroliferos Fiscales SA (YPF) has disclosed more details of its upstream and downstream plans as a restructured, privately owned company. Since the Argentine Congress in September 1992 approved YPF's privatization plan, the former state owned oil company has received more than $2.1 billion from sales of nonessential assets. YPF began the last phase of transition to a public company in July 1993 with an initial offering of capital stock on the New York Stock

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