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YPF Said to Be Close to Buying Total’s Argentina Shale Assets

Bloomberg · last updated

Argentina’s state-run oil and gas producer YPF SA is close to an agreement to acquire shale oil assets from France’s TotalEnergies SE, according to people familiar with the matter.

A sale could be valued at $400 million to $500 million, said one of the people, who asked not to be identified because they weren’t authorized to speak publicly.

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