JPMorgan, Citi Among Banks In Talks For Argentina Pipeline Loan

A consortium of oil drillers developing a key pipeline in Argentina is tapping five major banks to finance a $1.7 billion loan for the project, according to people familiar with the matter.

Led by Argentina’s state-run driller YPF SA, the group is in talks with Citigroup Inc., Deutsche Bank AG, Itau Unibanco Holding SA, JP Morgan Chase & Co and Banco Santander SA to finance part of the pipeline’s development, according to people familiar with the matter.

YPF, which has a 27% stake in the pipeline, previously mentioned that the consortium is seeking a $1.7 billion ...