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Argentina Negotiates with French Total to Increase Gas Production

Buenos Aires, Apr 23 (Prensa Latina) The first working meeting with French company Total to increase gas production in two Argentinian oil fields will take place on Monday in this capital, YPF oil company auditor Julio de Vido stated.

The first meeting to advance in this issue begins today, De Vido said last week during a news conference at the

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end of a gathering with officials from Petrobas and the Brazilian Ministry of Energy.

De Vido had already reached an agreement with Total on Thursday, to increase in two million cubic meters daily the gas production in Aguada Pichana and Aguada San Roque oil fields, located in the Patagonian province of Neuquen.

The two reserves belong to YPF, Pan American Energy (PAE), and Total, although their operations are in the hand of the latter.

According to reports here, Total vice president for the Americas, Ladilas Paszkiewicks, said in Rio de Janeiro that the company follows with attention the situation emerged in Argentina as a result of the decision to expropriate 51 percent of YPF shares in the hands of Repsol.

As well as the 51 percent of Repsol shares in YPF, the Argentinian government expanded the expropriation to Repsol YPF Gas, which “according to a decree from the Executive Power, “it is not technically a company controlled by YPF S.A.”

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