YPF improves results and announces $2.7 bn investment

State-owned oil company YPF reported Thursday that in 2020 it had a net loss of $1.09 billion but that in the last quarter of the year, it was able to cut the loss by more than $540 million from the accumulated decline up to September. As a result of a more significant normalisation of economic activity, and after the debt swap, the company plans to invest $2.7 billion in 2021.

Source: Ámbito