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In a consequence it has facilitated process of sale of actives to a private sector. Nearby
Half of the enterprises privatised by December 1995it., originally
The application 4
Examples of privatisation of the Argentina companies
Privatisation of the Argentina oil company (YPF)
Company Yacimentos Petroliferos Fiscales (YPF) has been created as
The incorporated manufacturer of oil in the beginning of this century, for the purpose of development in
To Argentina a petroleum industry. By 1991 it has turned in most
The big company in Argentina which annual trade turnover exceeded 4
Billion dollars. It also stood the fourth in the list of the largest
Employers in the country, providing employment of 13 percent of all labour
Till 1989 YPF possessed almost absolute monopoly in the oil
The industries. The purpose of privatisation YPF consisted in transformation of it
The enterprises in the effective, competitive, incorporated company on
To manufacture of oil and natural gas.
In 1989-1991it. The government of Argentina pursued a policy of a decontrol
And competition introductions in the oil and gas industry. All restrictions on
Investigation, manufacture and sale of crude oil, gas and mineral oil were
Are cancelled. After the Law on privatisation from 1992 many actives in sphere
Extraction and manufacture YPF have been sold or given to concession private
To the companies that has brought to 1994 1,4 billion dollars. That
The company was competitive in the conditions of an economy decontrol, and
Also for preparation for privatisation, its new management appointed in
1991, has started comprehensive plan realisation on the organizational
And financial re-structuring and re-structuring of sphere of employment, which
Makkinli and To "was based on the strategic targets developed by firm".
Considerable additional sales not were crucial
Creation of two strategic business divisions - for extraction,
Manufactures and production realisations;
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