YPF May Reduce Investment on Lack of Partners, La Nacion Reports

YPF SA (YPF), the nationalized Argentine oil producer, may trim its 2013-2017 investment plan to as low as $25 billion from $37 billion if it fails to attract partners, La Nacion reported, citing Chief Executive Officer Miguel Galuccio.

Under its current plan, YPF is seeking partners that would contribute $5 billion in the five-year period, while the company would spend $32 billion, the Buenos Aires-based newspaper said.

To contact the reporter on this story: Pablo Gonzalez in Buenos Aires at pgonzalez49@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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