YPF raises US$500 million from the IDB to expand Vaca Muerta’s infrastructure.

Argentine state-owned oil company YPF has signed a US$500 million investment agreement with IDB Invest, the private sector financing arm of the Inter-American Development Bank (IDB), to support the expansion of the Vaca Muerta shale formation. The information was released this Wednesday (24) by the company's president, Horacio Marín, through a post on the social network X. According to the executive, the resources will be used for the construction of strategic road works in the province of Neuquén, Argentina's main hub for unconventional oil and gas development. The objective of the investment is to strengthen the region's logistics infrastructure and create conditions to expand Vaca Muerta's production capacity.

This text was translated by machine from Brazilian Portuguese.