Fact Check: Argentina's state-run oil company is called YPF.

Fact Check: Argentina's state-run oil company is called YPF

What We Know

Argentina's state-run oil company is indeed called YPF, which stands for Yacimientos Petrolíferos Fiscales. Founded in 1922, YPF was the first entirely state-run oil company in the world, established under the administration of President Hipólito Yrigoyen (source-2). The company has undergone various changes in ownership and structure over the years, including privatization in the 1990s and subsequent renationalization in 2012, when the Argentine government regained a 51% stake in the company under President Cristina Fernández de Kirchner (source-1).

YPF is a vertically integrated company involved in oil and gas exploration, production, refining, and marketing of petroleum products. As of 2020, it was ranked as the 1360th largest public company globally by Forbes (source-2). The company plays a crucial role in Argentina's economy, particularly in the development of the Vaca Muerta shale gas reserves, which are among the largest in the world (source-1).

Analysis

The claim that Argentina's state-run oil company is called YPF is supported by multiple credible sources. The historical context provided by Wikipedia outlines YPF's establishment and its significance as a pioneering state enterprise in the oil sector. Furthermore, the recent news from the Associated Press highlights ongoing legal and economic issues surrounding YPF, affirming its status as a state-run entity (source-1).

Both sources are reliable, with the Associated Press being a well-respected news organization known for its journalistic integrity and fact-checking standards. Wikipedia, while user-edited, provides a comprehensive overview of YPF's history and operations, corroborated by citations from various reputable publications. The information aligns with the broader understanding of Argentina's energy sector and the role of YPF within it.

Conclusion

Verdict: True
The claim that Argentina's state-run oil company is called YPF is accurate. The evidence from reputable sources confirms YPF's status as a state-owned enterprise and its historical significance in the Argentine oil industry.

Sources

1. In a blow to Milei, a US judge orders Argentina to turn over ...
2. YPF
3. Carte Argentine : Plan Argentine - Routard.com
4. Argentine | Itinéraires conseillés - Routard.com
5. Cerro de los Siete Colores (montagne aux Sept Couleurs)
6. Argentina must turn over 51% stake in YPF, US judge rules
7. Visiter Chutes d'Iguazú, Voyage Argentine - Routard.com
8. National Oil Company Profile: YPF