⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked stocksUnlock stocks

Argentina's YPF to gradually suspend some activities over coronavirus

Published 03/19/2020, 03:47 PM
Updated 03/19/2020, 03:50 PM
YPFDm
-

BUENOS AIRES (Reuters) - Argentine state-run energy firm YPF SA (BA:YPFD) said on Thursday it will gradually suspend activities not critical to its business, and will scale down staff to a minimum at essential operations to ensure energy supply amid the coronavirus outbreak.

The company, which leads production activities in the Vaca Muerta shale play, said in a statement it will activate preventive protocols to reduce the chances of contagion among employees.

The company "will ensure activities that cannot be interrupted so that they are attended to by least amount [of personnel] possible and will progressively interrupt all those that are not critical so that they remain in a safe condition," YPF said in the statement.

The government of President Alberto Fernández will hold talks with provincial governors and an advisory committee on Thursday to determine whether it is necessary to increase measures to prevent social contagion in the face of the coronavirus pandemic.

Argentina has confirmed 97 cases of coronavirus and two deaths, according to government data.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.