Senators clear for debate YPF expropriation bill

With the presence of oil and gas experts, and opposition parties, the Upper House’s Budget and Finance, Constitutional Affairs, and Energy committees cleared for debate the YPF expropriation draft bill presented by the Executive Power, after a second day of talks. Thus, the draft bill will reach to the Lower House for debate on Wednesday next week.

Among lecturers invited are former Energy secretaries Jorge Lapeña, and Daniel Montamat, and Tierra del Fuego Governor Fabiana Ríos.

In his turn Lapeña warned about the «serious and concerning» energy situation the country is going through, and emphasized that the lack of investment in exploration «is Argentina’s fault.»

Likewise, Montamat indicated that so far the government’s decision to seize the oil and gas giant taken on Monday, «lacks of an energy strategy, hence I don’t see it achieving any success.»

Despite the comments made by energy experts, the Kirchnerism managed to get the support of opposition blocs (Radical Party, Proyecto Sur, and Socialist Party).

Fuente: Buenos Aires Herald