Argentine Oil Strikers Paralyze YPF Installation, Clarin Says

Argentine oil workers last night paralyzed operations at YPF SA (YPFD)’s Canadon Seco storage and pumping installation as part of strike that started Aug. 26, newspaper Clarin reported today, citing company officials it didn’t identify by name.

The installation in southern Argentina is responsible for supplying pipelines with 20 percent of the country’s crude oil production, the newspaper reported on its website.

Workers, who are calling on the government to end a 120-day intervention in union operations, are threatening to block oil production and have taken over the Punto Loyola seaport operated by the local unit of Petroleo Brasileiro SA (PETR4), Clarin reported.

http://www.bloomberg.com/news/2011-08-28/argentine-oil-strikers-paralyze-ypf-installation-clarin-says.html

 

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