Argentina's YPF to spend $348 mln on refineries-paper
BUENOS AIRES, June 7 (Reuters) - The Argentine unit of Spain's Repsol YPF (REP.MC: Quote, Profile, Research) plans to invest $348 million to expand its refineries, local newspaper Clarin said on Sunday.
Work on the expansions will start immediately, last 34 months, and enable the company to increase gasoline output by 32 percent and improve its profitability, the paper added.
There was no immediate word from the company. (Reporting by Jorge Otaola, editing by Maureen Bavdek)
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