YPF SA (YPF), the Argentine state-run oil company, plans to sell its lithium unit as it refocuses on the Vaca Muerta shale. Executives are contemplating an exit from YPF Litio, sources revealed, as the company reassesses its non-core assets.

Focus on Energy Transition

The potential sale is part of YPF’s broad divestment strategy, initiated to reposition amidst the global energy shift. Since its inception three years ago, YPF Litio has explored significant lithium reserves in Catamarca.

Lithium Exploration in Argentina

YPF Litio, along with local and international partners, played a key role in advancing Argentina’s lithium battery industry by securing agreements with foreign firms.

Shifting Priorities Under New Management

Under President Javier Milei’s newly appointed management, YPF aims to enhance production in Vaca Muerta, leveraging cost-effective crude production compared to the Permian Basin.

Divestment from Non-Core Assets

As part of its strategy, YPF has divested 22 non-shale fields and is negotiating further sales, including businesses in Chile and Brazil.

Strategic Ventures and Innovation

New initiatives involve possible standalone operations for profitable ventures like YPF Agro, enhancing focus on key oil and gas projects.

Meanwhile, Y-TEC will concentrate on technological support for Vaca Muerta efforts, marking a strategic realignment from battery development.

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