YPF SA (YPF) is contemplating the sale of its lithium unit to streamline its focus on the Vaca Muerta shale. The state-run oil company aims to enhance investments in its core oil and gas activities.

YPF Considers Divestment

Executives are reviewing their business holdings, including YPF Litio, to focus resources on traditional oil and gas operations. The potential sale comes as YPF shifts strategies amid the global energy transition.

Exploration in Argentina’s Lithium Triangle

YPF Litio has been exploring the Catamarca province within South America’s lithium triangle, coordinating agreements to further the local battery industry. However, under President Javier Milei, efforts now concentrate on shale production in Vaca Muerta.

Future of YPF Litio

Previously, YPF Litio played a role in battery development initiatives. Now, these projects face uncertainty as the focus shifts away from national battery production.

Shifting Priorities

CEO Horacio Marín emphasizes keeping profitable ventures like fertilizer production while pursuing new oil frontiers. Additionally, YPF intends to retain agro-business interests to support its primary oil and gas operations.

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