YPF (Yacimientos Petrolíferos Fiscales)
Immediately after World War I, powerful international oil and gas companies moved to Argentina to ensure the best oil properties. Concerned about their presence, President Hipólito Irigoyen established the YPF in 1922 as a state oil and gas monopoly to ensure Argentina's control of this vital resource. His successor, President Marcelo T. de Alvear (1922–1928), left it to invigorate the agency. At the head of the YPF, Alvear appointed Colonel Enrique Mosconi, under whose leadership it became a symbol of Argentina's economic independence.
To assist in settling the public debt, the government officially privatized YPF in 1993. Initially, a mix of local and international investors seized control of the corporation. Still, in 2009, a Spanish company, Repsol, began buying shares and took control of the group, making it the world's tenth-largest oil company.
In Argentina, the energy business YPF Sociedad Anónima is involved in both upstream and downstream oil and gas activities. Its upstream activities include crude oil exploration, extraction, and production, as well as natural gas and natural gas liquids (NGL). The downstream operations of the corporation include oil and petroleum product refining, marketing, and distribution, as well as petroleum derivatives such as petrochemicals, hydrocarbons, non-fossil fuels, fuels, and petrochemicals. biology and related components. In addition, it operates a retail distribution network of 1,658 YPF-branded service stations and holds 17 exploration licences.
Furthermore, the firm owns and runs three oil refineries with a total annual refining capacity of roughly 119.7 mmbbl, as well as approximately 2,800 kilometres of crude oil pipelines with a total daily capacity of approximately 640,000 barrels of processed products. Processing and shipping crude oil of approximately 7 million barrels per day, as well as operating terminals at five Argentine ports.
Founded: 1922
Headquarters: Buenos Aires, Argentina
Website: https://www.encyclopedia.com/
