Energy

Argentina’s YPF Seeks Incentive Program for $25 Billion Oil Project

A YPF SA storage terminal in Ushuaia, Tierra del Fuego, Argentina. — A YPF SA storage terminal in Ushuaia, Tierra del Fuego, Argentina.
Photographer: Lujan Agusti/Bloomberg

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By Patrick Gillespie

May 15, 2026 at 8:23 PM UTC

Updated on

May 15, 2026 at 9:17 PM UTC

Lea la nota en español

State-run Argentine energy giant YPF SA announced a $25 billion project to accelerate oil production, marking the largest investment since President Javier Milei took office.