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Last modified: 2015-07-11 by francisco gregoric
Keywords: ypf | yacimientos petrolíferos fiscales |
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Yacimientos Petrolíferos Fiscales was formed in 1922. It also handled the fleet of
tankers owned by the state. It in due course suffered the financial woes common to
other state owned companies and was privatized in 1992 with the Government retaining a 5% stake which they sold to Repsol S.A. of Spain in 1999 who then succeeded in taking over the company, which was greatly reduced in size by this stage, and it is now merged into Repsol YPF of Spain.
Neale Rosanoski, 01 Feb 2008
YPF (Yacimientos Petrolíferos Fiscales, Fiscal Petroleum Fields) is an Argentine oil company founded in 1922 and privatized in 1992 by Argentine President Carlos Menem, and bought by the Spanish firm Repsol; the resulting merger in 1999 produced Repsol YPF.
Esteban Rivera, 15 Apr 2012
In 1992, YPF was privatized. Later, in 1999 the Spanish company Repsol took control of 97.81% of the shares of YPF and became Repsol YPF. Finally in 2012, 51% of the shares of YPF were expropriated by the Argentine government.
When the company was privatized in 1992 "YPF" stopped to mean "Yacimientos Petrolíferos Fiscales", but the acronym YPF was preserved as a name of its own right, because it was a company very well known in Argentina. It became "YPF S.A.".
Another consequence of the privatization was that the fleet of tankers of YPF was sold to other shipping companies.
Francisco Gregoric, 12 Feb 2015
The flag [used by the old fleet of YPF tankers before the 1992 privatization] was a vertical triband blue-white-blue with a white circle bearing 2 blue rings, the outer of which edged the circle and within the inner was the black letters "YPF" amended to fit the shape of the circle
[see image].
Neale Rosanoski, 01 Feb 2008
The central symbol was the old emblem of the company YPF. It was very similar to the ones used by several State's owned companies in Argentina until the early 1990s. That was the name, or acronym, of the company in black letters over a white field sorrounded by an "Argentine flag ribbon" made by three circles sky blue, white and sky blue.
Francisco Gregoric, 07 Jul 2015
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