Founded in Argentina in 1922, YPF was the world’s first vertically integrated state-owned oil company, but in the 1990s its business type changed and in 1999 it was privatized and sold to Repsol, which sold 25% of its shares to Petersen Energía. since 2007, until the state expropriated 51% of Repsol’s shares in 2012.
“In the transition that we are thinking about in energy, both Enarsa and YPF have a role to play as long as the structures are rationalized, they are deployed to create value, so that they can be sold in a very beneficial way for the Argentinians.” the president explained.
YPF shares are rising more than 29% on Wall Street and more than 10% in Argentina after Milei proposed its privatization.
The libertarian economist also stated that “public television as well as national radio and the state news agency Télam should be privatized.”
“Public television has become a propaganda mechanism,” said the leader of La Libertad Avanza (ultra-right), recalling that 75% of the time during the election campaign their space was discussed “in a negative way” and “spreading the of lies and contributing to the campaign of fear” that, he believed, made him his rival.
“I am not in favor of a secret propaganda ministry,” Milei said.
The leader of La Libertad Avanza (ultaderecha) defeated this Sunday with 55.69% of the votes the official candidate (Peronism), the current Minister of Economy, Sergio Massa, who obtained 44.3%, to occupy the presidency of Argentina .
Source: El heraldo
Karen Clayton is a seasoned journalist and author at The Nation Update, with a focus on world news and current events. She has a background in international relations, which gives her a deep understanding of the political, economic and social factors that shape the global landscape. She writes about a wide range of topics, including conflicts, political upheavals, and economic trends, as well as humanitarian crisis and human rights issues.
