The CEO and President of YPF, Horacio Marín, described the ruling of the New York Court of Appeals as 'historic.' The court exempted the oil company from paying a multimillion-dollar compensation and reversed the verdict against Argentina. Marin praised the government's legal strategy and projected an optimistic outlook for the national energy sector. He explained that there were two lawsuits related to Burford Capital's claim: one against YPF and another against the Argentine Republic. Losing a lawsuit of this magnitude could have bankrupted the company. Marin also praised the government's work, noting that the statistical probability of reversing the sentence was less than 15%. He believes the reforms will make Argentina very prosperous in the coming years. Despite internal political controversies, investor interest remains strong. Marin also noted that the global context, marked by geopolitical conflicts, opens opportunities for the country. He believes Argentina could become one of the world's leading exporters of liquefied natural gas (LNG). Regarding fuel prices, the company has an honest and moral policy, passing only the real impact of cost increases on to gas stations. Marin considers the nationalization of the company under the Kirchner government to be legal but a violation of property rights, which he believes discourages investment.
