YPF Says 2017 Capex Will Be Below $4 Bln

Argentina's state-run oil company YPF SA (YPF)'s 2017 capital expenditure will be below $4 billion, the previous guidance it had given, an executive told investors during the company's second quarter earnings call on Wednesday.

The company should be able to grow hydrocarbon production 3-5 percent in the future with capital expenditures in the $4 billion area, said the executive, who did not identify himself.
 

(Reporting by Luc Cohen)