Argentina Struggles To Save Its Oil Boom ...Middle East

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…

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