Argentina's YPF signs $500 million Vaca Muerta investment deal
24/06/2026 16:39
Argentina's YPF signs $500 million Vaca Muerta investment deal June 24 (Reuters) - Argentine state energy company YPF YPFDm.BA has signed a $500 million investment agreement with IDB Invest, known in Spanish as BID Invest and part of the Inter-American Development Bank's private sector arm, to develop the Vaca Muerta shale formation, YPF CEO Horacio Marin said on Wednesday.
The investment will be used for strategic roadwork construction in the Argentine province of Neuquen, aiming to develop the infrastructure of Vaca Muerta and increase its production, Marin said in a post on X.
(Reporting by Aida Pelaez-Fernandez, Editing by Iñigo Alexander)
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