Argentina’s State Oil Firm Dodges $16B Payout

OilPrice · Julianne Geiger · last updated March 29, 2026 – 5:14 PM

Argentina no longer faces a $16.1 billion court-ordered payment tied to the 2012 nationalization of state-owned oil company YPF. A U.S. appeals court overturned the 2023 judgment that had awarded damages to minority shareholders, Barrons said on Friday. The United States Court of Appeals for the Second Circuit ruled 2–1 that the claims were not recognizable under Argentine law. That removes a potential liability estimated at up to $18 billion, including interest. The case stems from Argentina’s 2012 seizure of a 51% stake in oil company…

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