Cristina Kirchner has failed with Sinopec and Exxon in her attempt to repl...

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Chinese and Americans do not trust the Argentine Government Cristina Fernández de Kirchner has failed in her plans to replace Repsol at YPF. She has built bridges with the oil companies Sinopec and Exxon. However, neither Chinese nor Americans are willing to enter Argentina, above all, for image reasons and fear of expropriation. 0 has learned from business sources, Cristina Kirchner's team is looking for partners to be able to exploit the Vaca Muerta field after the expropriation of YPF to Repsol. However, the Argentine president has so far failed to convince the world's largest oil companies, such as the Chinese Sinopec and the North American Exxon, after several meetings with the top managers of these multinationals. The reasons are several. On the one hand, they do not trust the Argentine Government for fear of expropriation in the short term. Nor have they overlooked issues, more of image than business, when turning their backs on Kirchner's requests .

Another aspect that Sinopec and Exxon have taken into account when declining to enter YPF are Repsol's threats to sue any firm that enters the capital of the Argentine oil company or does business with the Kirchner Government . Repsol-Venezuela meeting after the agreement with Chávez-Kirchner These refusals from the most important oil companies in the world, in which Argentina has been isolated to explore the Vaca Muerta field , are part of the energy agreement signed  Middle East Mobile Number List two weeks ago between the state oil companies Petróleos de Venezuela (Pdvsa) and YPF , and signed by the president of Venezuela, Hugo Chávez, and his Argentine counterpart, Fernández de Kirchner. Today Repsol and the Government of Venezuela meet to talk about YPF after this agreement with Argentina. Hugo Chávez has been very clear in his support for Argentina, which is why he warned Repsol that he “should think very carefully before attempting to attack YPF .



The aforementioned sources warn that “our daily protests continue to be scheduled in the Ministry of Finance and in all towns in Spain, in addition to the demonstration called for September 15. ”Markets expected more from the ECB The president of the ECB, Mario Draghi , raised great expectations in the markets last week, saying at a conference in London that the entity will do everything “whatever is necessary” to preserve the euro, opening hopes for a purchase of Spanish debt and Italy . But the European Central Bank 's announcements disappointed the markets yesterday. No banking license for the stability fund, no direct purchase of bonds , no rate cut. The person responsible for monetary policy did open the door to the purchase of bonds, but much more was expected : Spain was looking for a forceful announcement. And Draghi did not specify anything. The effects were immediately felt on the stock market .