Magnet Investments

Increase Of Productivity

In the last weeks, before and after the public denunciation of cartelizacin in the main diesel oil commercialization on the part of oil ones of the country, something changed in the attitude of the Government towards YPF. The hope in its regulating roll in the hidrocarburfero market disappeared. In public, minister Julio De Vido, traditional nexus with the oil one, conmin to the company Spanish-Argentinean to invest to increase its production. Basically, he said to him that he leaves himself of chcharas with the nonconventional resources and that invests in one go to increase production (extraction). It is necessary to return to the first years of the government of Nstor Kirchner, when the president blamed oil at that time the one hundred Spanish percent of to sit down on wells, to find recrimination levels similar. In prevailed, in as much, the President, according to counts near collaborators, is very angry with the Eskenazi group, to which fault of to behave like bankers and not like oil tankers.

In principle the accusation is formally unjust. When they acquired participation in YPF the Eskenazi were bankers, nonoil, but the Government hoped that did not behave like real estate agents and financial who only think about removing juice to the investment, with total unconcern by the national needs of increase of the production. Ever since they entered the company, however, the new owners dedicated themselves to maximize the gains for, with them, to pay the debt with the matrix by the purchase of the actions. This maximization became under the preexisting logic: to express to the limit the deposits to the detriment of the exploration and of the increase of the production. A signal of the new modus operandi is in the strong reclamations of oil workers by the diminution of the security in the deposits, as well as of the suppliers of services by the fall in the maintenance. While it was possible, the good wave with the Government stayed with the carrot of the nonconventional resources, on which the announcements proliferated, especially in the last year.workmeter.com

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