Argentina’s national state oil company YPF just cannot function in a stable and foreseeable manner, an apprehension that was rekindled by Guillermo Nielsen stepping down from his post of company president merely a year after taking its helm. Seemingly, the decision was taken amicably as Nielsen claimed his decision originated in a new challenge offered to him, namely that of becoming Argentina’s ambassador to Saudi Arabia.
The circumstances of Nielsen’s departure, however, point to more structural forces compelling the erstwhile…Argentina Struggles To Save Its Oil Boom
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