Argentina's Peronist candidate for president, Alberto Fernandez, said on Th...
Argentinian presidential candidate Alberto Fernandez prepares to give a speech at the Parliament in Madrid, Spain, September 5, 2019.REUTERS/Juan Medina
“There’s no point in having oil if in order to extract it you have to let multinationals come and take it away,” he said in remarks following a speech at the Spanish parliament in Madrid. Seven years ago, former populist President Cristina Fernandez - who is Alberto Fernandez’s running mate in this year’s election - expropriated Repsol’s stake in Argentina’s state-owned oil company YPF SA in a move that dented foreign appetite for energy investment in Argentina.
Those include Vaca Muerta - a huge reserve about the size of Belgium that could house one of the biggest deposits of unconventional gas and oil in the world.
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