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Argentina's YPF Unveils Massive Oil Expansion Plan

Argentina's state-controlled energy company YPF SA announced a $25 billion investment program to ramp up domestic oil output, representing the country's largest energy sector commitment since President Javier Milei's administration began. YPF is seeking regulatory incentives to support the project's execution. The company plans to accelerate drilling operations and infrastructure development across multiple production zones. Officials said the project would strengthen Argentina's energy independence and generate substantial tax revenue for the federal government.