Argentina’s state-controlled oil company, YPF, will significantly boost oil and gas production, investing between $4 billion and $5 billion per year through 2022, Chief Executive Daniel Gonzalez told Reuters on Friday. It plans to raise production by between 5 percent and 7 percent per year, with the largest increase in the Vaca Muerta formation, one of the world’s largest reserves of shale oil and gas. The company intends to invest $3.6 billion on infrastructure in Vaca Muerta over the next five years, Gonzalez said, adding that the company is looking to speed up shale oil and gas extraction, with 1,700 wells drilled by 2023. YPF shares jumped 4.3 percent to 562.35 pesos ($15.20) per unit in afternoon trade, after having traded down 2.5 percent earlier in the day. “Crude oil is going to grow, I would say twice as fast as natural gas for us […]