YPF calls union leader to avoid strike in Vaca Muerta

|About: YPF Sociedad Anonima (YPF)|By:, SA News Editor

YPF is asking for a meeting with the leader of 20K oil workers to discuss a strike set for May 26 to stall production in Argentina’s giant Vaca Muerta shale formation.

The oil worker’s union is protesting regulation allowing YPF, Royal Dutch Shell (RDS.A, RDS.B) and Petrobras (PBR) to import gasoline at subsidized prices, which the union says causes three small refineries in oil-rich Neuquen province that employ ~700 workers are paying more for crude than large producers and risk shutting down.