Energy

YPF Chief Readies War Chest for Shale Push as Milei Bolsters Oil

Horacio Marin at his office in Buenos Aires, on Feb. 18.Photographer: Anita Pouchard Serra/Bloomberg

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By Jonathan Gilbert

February 19, 2026 at 6:47 PM UTC

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YPF SA is setting aside funds to keep spending in the fast-growing Vaca Muerta basin even if oil prices fall this year as management handpicked by libertarian President Javier Milei looks to build the state-run company into a global shale star.