YPF is looking at bidding ~$1billion for Shell’s downstream assets. The deal may be a bit of a stretch for YPF’s balance sheet without some offsetting disposals but would further increase its dominance of the downstream market. YPF is reportedly looking at bidding for Shell’s 630 fuel stations and the Dock Sud 113kbbl/d refinery but may run into anti-trust issues given it already controls 60% of the distribution market in Argentina. Another potential buyer......
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