YPF to Face More Pressure From Argentina to Invest, Itau Says
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YPF SA, Argentina’s largest oil company, will face mounting government pressure to boost spending on output expansion in exchange for support to charge more for its crude, Banco Itau BBA SA said.
Ongoing price increases will be necessary to offset higher spending, Itau analysts including Ricardo Cavanagh and Paula Kovarsky wrote in a report dated yesterday.