YPF forced to import more fuel following fire in La Plata refinery

Thursday, April 11th 2013 - 00:39 UTC

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CEO Galuccio estimated a full return to production in 30 to 45 days

Argentina’s state oil and gas company YPF CEO Miguel Galuccio announced that fuel production could drop 7% because of a fire at its refinery in La Plata. A return to full operations at the 180.000 bpd facility is expected in 30-45 days time.

In a press conference CEO Galuccio admitted that the company may have to increase imports from 10 to 15/16% in order to reach domestic supply demands.

The refinery's Coke A unit is offline following a fire last week during the floods in La Plata, located 60 kilometers from Buenos Aires, Galuccio said.

The heavy rains that hit the city caused “an increase in the levels of liquids that exceeded storage capacity and caused the loss of containment of hydrocarbons in effluent treatment unit No. 9, with the consequent entry of fuel into the Coke A unit,” the YPF chief said.

“The fire spread across nearly the entirety of this industrial complex's installations and, partially, to the adjacent Topping C unit,” Galuccio said.

YPF plans to build a new coke unit to replace the damaged one, requiring an 800 million Pesos investment, the CEO said.

Categories: Economy, Energy & Oil, Argentina.

Tags: Argentina, YPF Argentina.

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Troy Tempest
It seems Yankeeboy was right.
Apr 11th, 2013 - 03:12 am 0
Xect
He always is when it comes to these subjects.

I hope all of it burns down (and no normal Argentine worker is injured) for the outright theft of the company from Repsol.
Apr 11th, 2013 - 06:57 am 0
Optimus_Princeps
Cristina has already frozen the outflow of money leaving the country. Even the last avenues that were left. Every time she has a menstrual cramp which appears to be quite often, her loyal morons carry out her orders.

The price caps combined with the import bill will be placed on the working class. She is having AFIP audit the value to people's assets again to calculate how much they can steal this time. The typical K response to people's pain and suffering is “no importa”.

I hope she gets lynched before the end of the year.
Apr 11th, 2013 - 11:41 am 0

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