Enarsa Denies Bidding Process to Sell Oil Licenses Near Falkland

Energia Argentina SA, the state-owned company known as Enarsa, didn’t initiate a bidding process to offer licenses to explore for oil near the Falkland Islands, the Planning Ministry said.

Enarsa is working on a strategic partnership with YPF SA to obtain cost savings regarding offshore exploration in the continental platform, according to an e-mailed statement today signed by Horacio Mizrahi, a spokesman for the Planning Ministry.

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