YPF President Horacio Marin touring YPF facilities in the San Jorge Gulf Basin
YPF reinvents itself
Under a new Argentine president and company CEO, YPF has shed dozens of non-core assets as it doubles down on the Vaca Muerta shale and LNG
Argentina’s YPF has undergone sweeping reforms aligned with President Javier Milei’s push to deregulate and liberalise an economy long mired in crisis. Since Milei took office in December 2023, the NOC has sold dozens of mature fields to transform itself from a sprawling operator across all the country’s five basins into a leaner player centred on the vast Vaca Muerta shale. Backed by a new investment regime, YPF is also advancing Argentina’s long-held ambition to become a major global LNG exporter. Under CEO Horacio Marin—appointed by Milei after a 35-year career at one of Argentina’s leading private producers Techpetrol—YPF has undergone a cultural transformation, Max Westen, vice-presiden
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
