Argentina’s YPF warns of oil investment

摘要

Buenos Aires-Argentinian oil investment is facing setbacks as a decline in global crude prices and a rise in local operating costs reduce revenue, the chief executive of state- run energy company YPF said. “Opex and capex unit costs have increased in recent years and the internation- al oil price is putting pressure on revenue,” CEO Miguel Galuccio said at an Energy Day event held by the Argentine Center of Engi- neers in Buenos Aires.