Argentine oil output up 0.7 pct in June, natural gas up 3.1 pct

lunes 24 de agosto de 2015 14:11 GYT
 

BUENOS AIRES Aug 24 (Reuters) - Argentine oil production crept 0.7 percent higher in June versus the same month last year, despite a fall in international crude prices, while the country's natural gas output grew 3.1 percent, a statement from the energy secretariat said on Monday.

June oil production was 2.55 million cubic meters, boosted by an increase in output from state-controlled energy company YPF, the statement said.

YPF itself increased crude output by 4.7 percent in June, year-on-year, to 1.08 million cubic meters. In 2012, Argentina's government seized control of the company from its former parent, Spain's Repsol.

Argentina produced 3.54 billion cubic meters of gas in June, the secretariat said. Of that, YPF, Argentina's No. 1 energy company, pumped 1.07 billion cubic meters, or 11.4 percent more than in June 2014, the statement said. (Reporting by Eliana Raszewski; Editing by Alan Crosby)