New YPF CEO Miguel Galuccio unveils a plan to boost capital spending and increase petroleum...

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

New YPF CEO Miguel Galuccio unveils a plan to boost capital spending and increase petroleum output and says the company has made "significant progress toward strategic agreements" with Chevron (CVX) and China's Cnooc (CEO). YPF expects to rely mainly on its cash flow to fund the $37B in investments needed to boost oil and natural gas output by about a third by 2017.