Visión Siete: Un repaso por la historia de YPF

We are now going to share a new report on IPF. IPF, like the history of our country, is full of illusions and disappointments. 90 years ago, General Enrique Mosconi confronted the oil companies and assumed the direction of Yacimientos Petrolíferos Fiscales Argentina (YPF). Argentina became the first nation in Latin America and a model for the

region in the control of hydrocarbons. During the government of Ro Peña, the General Directorate of Petroleum Exploitation was created, the first state agency to regulate foreign companies. With the arrival of Hipólito Irigoyen to the presidency from 1916 onwards, the energy policy paradigm changed. It was only in his second term that IPF was created.

Irigoyen appointed General FR Depresa, thinking of the hydrocarbon resource in terms of national sovereignty. This idea spread throughout Latin America. Mosconi was in charge of the company for 8 years. During that time, the growth of the company translated into the construction of neighborhoods for the workers, improvements in communication and the installation of schools. In

1930, it was forcibly brought to an end. His work with the beginning of the infamous decade was announced, and he left the country. From then on, there began to be stages of advance of foreign capital in the oil activity; however, decades passed in which IPF remained controlled by the state. During the first years of

Peronist governments, large refineries were built, and IPF was provided with a fleet of tankers far superior to the one it had until 1946. Oil production went from 2,300,000 tons in 1946 to 7,500,000 in 1955. During the Frondisi government, as a result of the oil contracts signed, for the first time Argentina was in a position to