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Argentina’s YPF Looks To Double Oil Production Within 5 Years

Argentina is the home of the second-largest shale formation in the world, containing an estimated 16 billion barrels of oil and 308 trillion cubic feet of natural gas. It is also one of the most troubled economies in the world, with crises more or less now chronic. Yet there is one bright spot amid Argentina's troubles.

The state oil and gas company, YPF, has major ambitions in both commodities. YPF plans to double its crude oil output over the next five years and boost natural gas production by 30 percent. And it might succeed. The production…

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