2023-09-08 23:55:33
Pablo Gonzalezpresident of YPF, referred this Friday to the very harsh ruling of the US Justice in the framework of the trial for the expropriation of YPF, the cost of which might cost the country up to US$ 16,000 millionand defended that re-nationalization, pointing out “I voted affirmatively in the National Congress in favor of the expropriation of YPF, and I would make that decision once more.”
The now candidate for senator for the province of Santa Cruz rejected criticism from the opposition, specifically from the statements by former president Mauricio Macri who described the expropriation initiative as a “destructive madness”, and took aim at the Burford Fund, pointing out that “It is not appropriate to compensate someone who did not suffer harm.”
González spoke with the journalist Pablo Duggan in Radio 10 following meeting the adverse ruling issued by Loretta Preskawhich considered the compensation scheme proposed by Burford to be adequate, that is, that compensation should be around US$16 billion.
Faced with this, the president of YPF referred to “the enormous potential that Argentina has as a future energy producer makes that decision more reasonable.”
Likewise, he insisted on defending the parliamentary decision, doubling down by emphasizing that would once more rule in the affirmative..
“This decision is made for the levels of disinvestment and the progressive emptying of the company by Repsol“, considered Pablo González in dialogue with Radio 10.
At the same time, he stressed that “it is not appropriate to compensate someone who did not suffer damage, as is the case of the Burford Fund” and insisted that “the ruling is not final”.
“There are two instances, one before the Court of Appeals and another before the Supreme Court of the United States,” González explained.
He also noted that “YPF was excluded from the sentence. “It is not a minor issue because the Fund came once morest the company.”
Regarding the scope of the economic damages, the senatorial candidate specified that “the judge had to delimit 3 parameters: date, interest rate and alleged damage. The amounts vary depending on these variables. However, he asks that it be opened to negotiation.”
“Recovering YPF was very important for Argentina. This was not destructive madness as Mauricio Macri says“warned Pablo González and then extended criticism towards the entire opposition: “It is regrettable that the opposition applauds the fact that a vulture fund wins a lawsuit once morest the State.”
On the other hand, Pablo González maintained that the oil company “always complies with its contracts, we negotiate with international companies that allowed us to value Vaca Muerta, and everything that has been done in energy matters in the country.”
In addition to the above, the president of YPF framed the expropriation in a strategy of energy sovereignty and disapproved of the privatization attempts.
“It is a discussion that questions us regarding the energy horizon that Argentina has. Today we would be infinitely worse off without that decision. It puts us on alert in the face of positions such as that of [Javier] Milei who says he wants to privatize YPF,” González wrote in Radio 10.
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