Argentina says that negotiations with Petrobras for the conflict going well
Planning Minister of Argentina, Julio De Vido, described today as “on track” negotiations to resolve the conflict that arose with the oil company Petrobras for the cancellation of a grant from the Brazilian company in Argentina’s Neuquen province.
“We talked this morning with the governor of Neuquén and negotiations are well designed,” said De Vido told reporters on arrival at the headquarters of the Ministry of Mines and Energy of Brazil to meet with authorities and with the directors of Petrobras.
The Brazilian oil company said he was surprised last month with the decision of the regional government of Neuquén to cancel a license that had been awarded to explore and exploit oil in that province in Argentina.
The Neuquén government argued that Petrobras had made investments under the contract, the same reason that the government of Argentina’s President Cristina Fernandez used to justify its decision to send Congress a bill to expropriate 51% of shares of oil company YPF in the hands of the Spanish Repsol.
The Brazilian government called the decision regarding YPF Argentina as a matter of sovereignty and said he had no fears about the business of Petrobras in the neighboring country despite the history of Neuquén.
De Vido said today that his visit to Brazil is just to talk with the president of Petrobras, Maria das Graças Foster, on the business of the oil in your country and the Brazilian Minister of Mines and Energy, Edison Lobao, on other projects Brazilian investment in Argentina.
“In my capacity as auditor of YPF came to talk to Maria das Gracas Foster on how to address joint projects between the two companies,” added the Argentine minister.
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