Development of a Methodology for Evaluating Investments in Infrastructure for the Sustainable Exploitation of Shale Energy in Argentina
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New Minimum Capital for Commercial Companies
CHEVRON AND YPF ANNOUNCED THEIR INTENTIONS TO DISCUSS A STRATEGIC ALLIANCE FOR THE EXPLORATION OF SHALE RESOURCES IN ARGENTINA Argentina's state-controlled oil company is holding important meetings with California-based Chevron Corp. to share strategies for developing the world's third-largest unconventional oil and gas reserves. YPF CEO Miguel Galuccio is calling his talks with Chevron's Latin America chief Ali Moshiri the first step toward a strategic alliance with Chevron, Latin America's leading private energy investor. He says YPF needs partners with Chevron's power and experience to develop Argentina's shale reserves, which trail only the U.S. and China in potential. The encounter between the two executives did not lead to any specific investment news, but sets the stage for Galuccio's formal presentation next Thursday August 30 of a five-year plan for the company Argentina expropriated from Spain's Grupo Repsol. YPF said Mr Moshiri had expressed interest “in associating with YPF on an unconventional cluster … in Vaca Muerta” and the talks with Chevron were “the first concrete step towards an alliance that will be strategic along the path that YPF’s president and CEO is leading”. Chevron said it would not comment “on any confidential discussions we hold with officials”. Mr Galuccio in June unveiled a taster of his five-year strategic plan that called for investment of $7bn a year to reverse falling production. Partnerships will be key to funding what he called the “ambitious but realistic” plan, which includes drilling 1,000 wells. Argentina is believed to be home to the world’s third-biggest reserves of unconventional oil and gas, largely in the Vaca Muerta formation in the western province of Neuquén. -
La Privatización Y Desguace Del Sistema Ferroviario Argentino Durante El Modelo De Acumulación Neoliberal
La privatización y desguace del sistema ferroviario argentino durante el modelo de acumulación neoliberal Nombre completo autor: Franco Alejandro Pagano Pertenencia institucional: Universidad Nacional de Cuyo Correo electrónico: [email protected] Mesa temática: Nº 6: Sociología Económica: las correlaciones de fuerzas en los cambios de los patrones acumulación del capital. Disciplinas: Ciencia política y administración pública. Sociología. Palabras claves: Privatización, neoliberalismo, ferrocarriles, transporte, modelo de acumulación, éxodo rural. Resumen: En Argentina, a partir de 1976, el sistema industrial y productivo del país sufrió fuertes transformaciones a partir de la implementación del paradigma neoliberal imperante a nivel internacional. Este cambio estructural, implementado de forma gradual, alteró también -conjuntamente a las relaciones de producción- la dinámica social, laboral, educacional e institucional del país, imprimiendo una lógica capitalista a todo el accionar humano. Como parte de ello se dio en este periodo el proceso de concesiones, privatización y cierre de la mayoría de los ramales ferroviarios que poseía el país, modificando hasta nuestros días la concepción de transporte y perjudicando seriamente al colectivo nacional. De las graves consecuencias que esto produjo trata este trabajo. Ponencia: 1.0 Golpe de Estado de 1976. Etapa militar del neoliberalismo El golpe cívico-militar del 24 de marzo de 1976 podría reconocerse como la partida de nacimiento del neoliberalismo en la Argentina, modelo económico que se implementará por medio la fuerza -buscando el disciplinamiento social- con terror y violencia. Se iniciaba así un nuevo modelo económico basado en la acumulación 1 rentística y financiera, la apertura irrestricta, el endeudamiento externo y el disciplinamiento social” (Rapoport, 2010: 287-288) Como ya sabemos este nuevo modelo de acumulación comprende un conjunto de ideas políticas y económicas retomadas del liberalismo clásico: el ya famoso laissez faire, laissez passer. -
A Special Report from Oil and Gas Investor and Global Business Reports
Argentina A Special Report From Oil and Gas Investor and Global Business Reports Photo courtesy of YPF July 2011 - OilandGasInvestor.com P-1 ARGENTINA OIL AND GAS The Revival of Century-Old Industry 2015: A Time of Transition eat-lovers’ mouths water at the thought of an Ar- Yet 2015 seems to be a turning point for hydrocarbon gentine steak, but another kind of Argentine dead production in Argentina. Producers extracted about 1.4% Mcow has been tantalizing oil and gas investors in more oil and 1.8% more gas in July 2015 than they had in recent years. In 2013, the U.S. Energy Information Admin- the same month a year ago, which indicates that the last few istration (EIA) announced that the world’s second largest years of local and foreign investment are finally paying off. shale gas reserves and fourth largest shale oil reserves lie Three companies dominate hydrocarbon production in beneath Argentina’s subsurface, mostly at Vaca Muerta, in Argentina: Yacimientos Petrolíferos Fiscales (YPF), Pan the province of Neuquén. American Energy, and Total. From 2010 to 2014, YPF and Yet Argentina has been drilling for oil and gas for over Pan American Energy produced 55% of all the oil that Ar- a century. When walking through Comodoro Rivadavia’s gentina produced, while YPF and Total produced 54% of streets in Patagonia, the dust blown up by the city’s infa- all the gas that Argentina produced, according to data from mous gales could easily distract a passerby from noting a Argentina’s Secretary of Energy. In 2014, YPF was the top bronze plaque on a nondescript building that reads: “In this oil and gas producer in Argentina. -
REPSOL YPF Argentina
Buenos Aires, 2000 XI REPSOL YPF-HARVARD SEMINAR HARVARD UNIVERSITY JOHN F. KENNEDY SCHOOL OF GOVERNMENT BUENOS AIRES, ARGENTINA DECEMBER 2000 ENERGY POLICIES AND MARKETS: NEW TRENDS OR OLD CYCLES? WILLIAM W. HOGAN BIJAN MOSSAVAR-RAHMANI EDITORS THE REPSOL YPF-HARVARD SEMINAR SERIES JOHN F. KENNEDY SCHOOL OF GOVERNMENT HARVARD UNIVERSITY 79 JFK Street Cambridge, MA 02138 USA REPSOL YPF Paseo de la Castellana 278 28046 Madrid, Spain FUNDACIÓN REPSOL Juan Bravo 3B 28006 Madrid, Spain ISBN: [TO BE ADDED] Depósito legal: [to be added] Copyright 2001© FUNDACIÓN REPSOL Servicio de Publicaciones CONTENTS FOREWORD ........................................................................................v EDITORS’ NOTE .................................................................................ix OPENING SESSION WELCOME MR. ALFONSO CORTINA ........................................................3 «ARGENTINA’S ECONOMY IN THE NEW CENTURY» THE HONORABLE JOSÉ LUIS MACHINEA ...................................11 KEYNOTE ADDRESS «LIBERALIZATION AND THE ECONOMY IN LATIN AMERICA» THE HONORABLE DOMINGO F. C AVALLO .................................17 SESSION I OIL INTRODUCTORY REMARKS MR. BIJAN MOSSAVAR-RAHMANI ..........................................29 «PERSPECTIVES ON THE INTERNATIONAL OIL MARKET» MR. ADRIÁN LAJOUS ..........................................................33 «POLITICS AND OIL» MR. RICHARD PERLE...........................................................43 «FURTHER CONSIDERATIONS ON THE PRICE OF OIL» THE HONORABLE HUMBERTO CALDERÓN -
Privatesector
P UBLIC POLICYsector FOR THE TheP World Bankrivate Group September 1996 Public Disclosure Authorized Note No. 88 Railway Concessions—Heading Down the Right Track in Argentina José Carbajo and Argentina privatized many of its railway services by concession contract during the early 1990s. Antonio Estache The reforms have been remarkable for their speed and innovation—despite the complexity of the issues and the lack of “off-the-shelf” models to follow at the time. The overall result has been positive. Many services have improved. Traffic has grown—up about 180 million passenger trips a year. Subsidies have been cut dramatically—down from US$2 billion or so a year to a little more than US$100 million. But as with any complex reform, there is an unfinished agenda. And with Public Disclosure Authorized the Argentine approach becoming a model for other countries in Latin America, this review of the lessons starting to emerge from the reform experience is a timely one. Strategy for reform RAIL CONCESSIONS—EARLY IMPACT When the Menem administration set the rail- way reform in motion in 1990, Ferrocarriles (percentage increase) Argentinos, the largest operator, ran a national network of about 35,000 kilometers, employed Freight volume, major lines, 1990–95 92,000 people, and was losing about US$1.4 bil- lion a year (1992 dollars). These losses were a Nuevo Central Argentino 40% big drain on the Treasury and the main motiva- Ferrocarril Mesopotámico 50% Public Disclosure Authorized tion for reform. On top of this, the fixed assets Buenos Aires al Pacífico 92% were in poor shape—in 1990, 54 percent of the Ferroexpreso Pampeano 130% track network was in fair or bad condition, and Ferrosur Roca 160% only half the locomotives were available for service. -
FORM 20-F YPF Sociedad Anónima
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2010 Commission file number: 1-12102 YPF Sociedad Ano´nima (Exact name of registrant as specified in its charter) Republic of Argentina (Jurisdiction of incorporation or organization) Macacha Gu¨emes 515 C1106BKK Ciudad Auto´noma de Buenos Aires, Argentina (Address of principal executive offices) A´ ngel Ramos Sa´nchez Tel: (011-54-11) 5441-0970 Facsimile Number: (011-54-11) 5441-0232 Macacha Gu¨emes 515 C1106BKK Ciudad Auto´noma de Buenos Aires, Argentina (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Name of Each Exchange Title of Each Class on Which Registered American Depositary Shares, each representing one Class D Share, par value 10 pesos per share New York Stock Exchange Class D Shares............................................................................................................................. New York Stock Exchange* * Listed not for trading but only in connection with the registration of American Depositary Shares. Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None The number of outstanding shares of each class of stock of YPF Sociedad Ano´nima as of December 31, 2010 was: Class A Shares...................................................................... 3,764 Class B Shares...................................................................... 7,624 Class C Shares...................................................................... 40,422 Class D Shares .................................................................... -
Geopolítica Del Fracking
Este artículo es copia fiel del publicado en la revista NUEVA SOCIEDAD No 244, marzo-abril de 2013, ISSN: 0251-3552, <www.nuso.org>. Geopolítica La extracción de petróleo y gas de esquisto presenta serios riesgos del fracking ambientales y ya ha generado protestas Impactos y riesgos de gran amplitud, pero detrás de las ambientales nuevas tecnologías que la hacen posible hay poderosos intereses económicos y políticos. Los hidrocarburos no tradicionales son parte, además, de entramados geopolíticos que tienen a Estados Unidos como principal protagonista. Pese a ello, en los últimos tiempos, países como Francia y Bulgaria han prohibido el fracking hasta que se tenga más información sobre los riesgos y varios gobiernos locales de diferentes partes del mundo han tomado decisiones similares. Sin embargo, en América Latina es presentado como una nueva VÍCTOR L. BACCHETTA fuente de prosperidad. e perfora la tierra verticalmente hasta 3.000 o 4.000 metros de profundi- dad, luego se realizan hasta seis perforaciones horizontales de uno a dos Skilómetros de longitud y se inyecta a alta presión una mezcla de hasta 30 millones de litros de agua, centenares de toneladas de arena y decenas de miles de litros de productos químicos no revelados por las empresas para extraer petróleo y/o gas de las grietas generadas en lutitas, rocas impermea- bles de esquisto o pizarra. Esta es la nueva tecnología denominada fractura hidráulica o fracking. Víctor L. Bacchetta: periodista y editor uruguayo. Desde 1968 ha trabajado en medios de prensa y agencias informativas de Uruguay, Argentina, Brasil, Chile, Cuba, México, Perú, España, Es- tados Unidos y Suecia; se ha especializado en temas de política, medio ambiente, desarrollo y ciencia. -
Anselmo Windhausen Y Su Polémica Con El Coronel Enrique Mosconi
Reseña histórica Anselmo Windhausen y su polémica con el coronel Enrique Mosconi Por Rodolfo A. Windhausen Especial para Petrotecnia l Dr. Anselmo Windhausen (1882-1932) obtuvo la ciudadanía en octubre de 19201 y presentó un infor- E me a la Sociedad Argentina de Ciencias Naturales acerca de una posible clasificación de los elementos de la estructura geológica de la Patagonia, que venía estudiando desde 1919, cuando fue comisionado por la Dirección de Minas y Geología para realizar el relevamiento de esa zona. El 18 de octubre de 1920, en el diario La Época de Bue- nos Aires, Windhausen publica sus “Apuntes sobre la Pata- gonia meridional”, en un intento de divulgar para el públi- 130 I Petrotecnia • agosto, 2007 co lego sus conocimientos sobre la región, una costumbre Una célebre discusión que mantuvo con otras publicaciones periodísticas a lo largo de ese decenio. En ese artículo afirmó que el petróleo Windhausen era en ese momento uno de los tres geólo- “será la base de la vida económica de la Argentina por gos asignados por Minas y Geología para asesorar a YPF en muchos siglos”. la exploración geológica de la región. De una expedición a río Chico y zonas aledañas en el Por razones políticas, motivadas en parte por una rivalidad verano de 1921 surgió su descubrimiento de los Chubutoli- incipiente con las explotaciones de petróleo en la provincia thes, una especie muy rara de fósiles que encontró al oeste de Salta que manejaba la Standard Oil, Mosconi quería con- de Gaiman, Chubut, que clasificarían luego distinguidos centrar las actividades de YPF en el Noroeste de la Argentina. -
Evolution of Property Rights in Argentina, 1853-1949
The Evolution of Property Rights in Argentina, 1853-1949 By Tonya Caprarola Giannoni B.A. May 1990, The George Washington University MBA May 2000, Johns Hopkins University A Dissertation submitted to The Faculty of Columbian College of Arts and Sciences of The George Washington University in partial fulfillment of the requirements for the degree of Doctor of Philosophy May 16, 2010 Dissertation directed by Cynthia McClintock Professor of Political Science and International Affairs The Columbian College of Arts and Science of The George Washington University certifies that Tonya Caprarola Giannoni has passed the Final Examination for the degree of Doctor of Philosophy as of 24 March 2010. This is the final and approved form of the dissertation. The Evolution of Property Rights in Argentina, 1853-1949 Tonya Caprarola Giannoni Dissertation Research Committee: Cynthia McClintock, Professor of Political Science and International Affairs, Dissertation Director Kimberly Morgan, Associate Professor of Political Science and International Affairs, Committee Member Peter Flindell Klarén, Professor of History and International Affairs, Committee Member ii © Copyright 2010 by Tonya Caprarola Giannoni All rights reserved iii Dedication To my husband and our families, who always believed I could finish no matter what the obstacles were. To my aunt Stephanie who gave me my desire to travel and learn about the world. Sadly, through her death I learned what I needed for life. iv Acknowledgments The author wishes to thank her research committee. This project evolved incrementally much like property rights in Argentina. The puzzle of Argentina motivated me to pursue a doctorate degree. With the assistance and guidance provided by Cynthia McClintock through my studies and research, I gained the clarity to bring this project to completion. -
Habitat Association Patterns of Forest and Steppe Birds of Northern Patagonia, Argentina
The Condor 87:471483 0 The Cooper Ornithological Society 1985 HABITAT ASSOCIATION PATTERNS OF FOREST AND STEPPE BIRDS OF NORTHERN PATAGONIA, ARGENTINA C. JOHN RALPH ABSTRACT. -1 censusedbirds acrossa moisture gradient in northern Patagonia, Argentina, in the vicinity of Bariloche. Over a 60-km distance, the 12 sitesranged from grasslandat lower elevations to upland climax Nothofagusforests of the eastern Andes. Here, I correlated bird abundance and diversities with various vegetation measures.Using all sites, bird diversities and abundanceswere posi- tively correlated with various foliage measures.When grasslandswere excluded, however, an inverse relationship was found: birds were more diverse and abundant in the lower stature shrub communities than in complex forests. Multiple regres- sion analysesof this apparently paradoxical situation indicated that certain species of plants probably had important effects on community structure. As a habitat in a region becomes more com- nearby, dense beech forests. Vuilleumier also plex, the bird community in that habitat usu- thought that bird speciesdiversity was higher ally becomes more complex as well (e.g., in the scrub-steppe habitat. A re-calculation MacArthur and MacArthur 196 1, Willson (Church 1974) of his data, however, showed 1974). In southern Argentina, however, Vuil- that Vuilleumier’s diversity values (H’) in the leumier (1972) concluded that the southern two habitats were essentially identical (dense beech (Nothofagus)forests had a less complex forest- 1.993; scrub-steppe forest- 1.837). avifauna than nearby, simpler, scrub areas. In One other study has suggestedthat bird species order to describe the avifauna, its habitat as- diversity was unrelated to vegetation com- sociations,and to test this seemingly paradox- plexity (Howell 197 1). -
Estudios Sobre Planificación Sectorial Y Regional
ISSN 2591-3654 ESTUDIOS SOBRE PLANIFICACIÓN SECTORIAL Y REGIONAL DICIEMBRE 2017 Año 2 N° 4 Logística. Temas de Agenda Secretaría de Política Económica Estudios sobre Planificación Sectorial y Regional ESTUDIOS SOBRE PLANIFICACIÓN SECTORIAL Y REGIONAL DICIEMBRE 2017 INDICE Introducción…………………………………………………………………………………………………………………………….…………… 4 Sistema ferroviario de cargas. Caracterización y desafíos de la política pública ……………………..……………… 5 Bitrenes. Su implementación en Argentina ….......................................................................................... 36 Costos logísticos. La incidencia del flete interno en las operaciones de exportación…………………………….. 50 Esta serie de informes tiene por objeto realizar una descripción analítica y específica sobre temáticas de particular relevancia para la planificación del desarrollo productivo sectorial y regional del país. Se consideran temáticas transversales como: empleo, innovación, educación, tecnología, desarrollo regional, inserción internacional, entre otros aspectos de relevancia. Publicación propiedad del Ministerio de Hacienda de la Nación. Director Dr. Mariano Tappatá. Registro DNDA en trámite. Hipólito Yrigoyen 250 Piso 8° (C1086 AAB) Ciudad Autónoma de Buenos Aires – República Argentina. Tel: (54 11) 4349-5945 y 5918. Correo electrónico: [email protected] URL: http://www.minhacienda.gob.ar SUBSECRETARIA DE PROGRAMACIÓN MICROECONÓMICA Dirección Nacional de Planificación Sectorial - Dirección Nacional de Planificación Regional ESTUDIOS SOBRE PLANIFICACIÓN SECTORIAL Y REGIONAL -
Politics and Petroleum Development in Argentina, 1916-1930. James E
University of Massachusetts Amherst ScholarWorks@UMass Amherst Doctoral Dissertations 1896 - February 2014 1-1-1973 Politics and petroleum development in Argentina, 1916-1930. James E. Buchanan University of Massachusetts Amherst Follow this and additional works at: https://scholarworks.umass.edu/dissertations_1 Recommended Citation Buchanan, James E., "Politics and petroleum development in Argentina, 1916-1930." (1973). Doctoral Dissertations 1896 - February 2014. 1327. https://scholarworks.umass.edu/dissertations_1/1327 This Open Access Dissertation is brought to you for free and open access by ScholarWorks@UMass Amherst. It has been accepted for inclusion in Doctoral Dissertations 1896 - February 2014 by an authorized administrator of ScholarWorks@UMass Amherst. For more information, please contact [email protected]. POLITICS AND PETROLEUM DEVELOPMENT IN ARGENTINA, 1916-19 30 A Dissertation Presented by James E. Buchanan Submitted to the Graduate School of the University of Massachusetts in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY May 1973 Major Subject History 11 V (c) James E. Buchanan 1973 All Rights Reserved POLITICS AND PETROLEUM DEVELOPMENT IN ARGENTINA, 1916-1930 A Dissertation By James E. Buchanan Approved as to style and content by: Plots -<<\\(X (?g^A Robert A. Potash. Chairman of Committee Robert H. McNeal, Head of Department Lewis U. Hanke, Member Robert A. Hart, Member George B. Summons y Member May (Month) iv ACKNOWLEDGEMENTS While any deficiencies this study displays are fully my responsibility, credit for whatever merit it contains must be shared with those whose aid was crucial to its preparation. I am especially grateful to Prof. Robert A. Potash who gave more of himself and his time than any student might legitimately expect.