IHS Chemical Week

Dow, YPF agree to negotiate Argentina shale JV

11:12 AM MDT | March 28, 2013

Argentine oil-producer YPF and Dow Chemical are negotiating a joint venture (JV) to develop shale gas in Argentina. YPF has signed a memorandum of understanding (MOU) with Dow Argentina granting Dow “the exclusive right to negotiate the final terms and conditions under which YPF would assign 50% of its interest in the ‘El Orejano’ area,” according to a letter YPF sent to the Buenos Aires stock exchange. The El Orejano area is a 41 square-kilometer region in the province of Neuquen. In a Spanish-language press statement, Dow Argentina says that the jv's...

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