MercoPress. South Atlantic News Agency
YPF forced to import more fuel following fire in La Plata refinery
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. Read full article
Comments
Disclaimer & comment rulesIt seems Yankeeboy was right.
Apr 11th, 2013 - 03:12 am - Link - Report abuse 0He always is when it comes to these subjects.
Apr 11th, 2013 - 06:57 am - Link - Report abuse 0I hope all of it burns down (and no normal Argentine worker is injured) for the outright theft of the company from Repsol.
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.
Apr 11th, 2013 - 11:41 am - Link - Report abuse 0The 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.
Presumably he will be using Coke B to restart.
Apr 11th, 2013 - 12:06 pm - Link - Report abuse 0If they don’t have Coke B then he is blowing smoke about the time to restart operations.
In any event the whole refinery is of poor design if flooding can overcome the system and cause fires: that is the secondary purpose of the external bunding: the final barrier to keep internal fluids from escaping the site AND the primary barrier to keep external fluids from entering the site.
It seems they are learning the hard way.
Oh dear, never mind.
3 Optimus_Princeps
“Every time she has a menstrual cramp which appears to be quite often”
TMBOA is sixty years old. She no longer menstruates; she just gives everybody else a pain in the arse. LOL
They have very little U$ left to pay for the extra imports and the growing trade imbalance.
Apr 11th, 2013 - 12:39 pm - Link - Report abuse 0As Stevie would say, I am twisting myself laughing
@4 I stand corrected. Every time she looks in the mirror and realizes she's gone through menopause, and that surgery no longer hides the droop of her leathery face.
Apr 11th, 2013 - 01:35 pm - Link - Report abuse 0@6n Spot on.
Apr 11th, 2013 - 04:11 pm - Link - Report abuse 0But Argentina, as so often, is a law unto itself.
Apr 11th, 2013 - 05:13 pm - Link - Report abuse 0Soyabean farmers, Argentina’s biggest source of export dollars, are irate: they say they have to import supplies at the blue dollar rate, while for sales they receive just 3.20 pesos per dollar after paying taxes. They are talking of halting the sale of this year’s soya harvest in May in protest.
http://www.economist.com/news/americas/21576120-dollar-shortage-bites-gaucho-blues
I predict confiscations/harassment/death threats from Moreno and Afip if the farmers are successful.
but
If the farmers can hold out through the winter CFK will have to resign.
Yesterday Petrobras was asking for clear investment rules...I think they got their answer: capped prices.
Apr 11th, 2013 - 06:44 pm - Link - Report abuse 0Tomorrow CFK will be asking the pope to intervene to secure a victory for Maduro in Venezuela.
Wanted a laugh, signed onto Mercopress to see Argentina destroying itself, never fails. “twisting” myself laughing!
Apr 11th, 2013 - 06:49 pm - Link - Report abuse 09. Between the bird's good wishes and the pre-stuffed ballot boxes I am sure Chavez Jr has nothing to worry about,
Apr 11th, 2013 - 07:15 pm - Link - Report abuse 0Now the people of Venezuela on the other hand...
Only in Argentina could floods cause a fire-and comparing Argentina with the Falklands-what problems do FIG have with their energy supply?
Apr 12th, 2013 - 12:11 am - Link - Report abuse 0Comparing David and Goliath here, why on earth would the falkland islands wish to belong to a goliath that cannot even run its energy supplies properly? Pffffft!
Comment removed by the editor.
Apr 12th, 2013 - 07:04 am - Link - Report abuse 0Argentine President Cristina Fernandez de Kirchner’s takeover of YPF SA (YPFD) to pare energy imports is backfiring and threatening to narrow the country’s trade surplus needed to pay debt.
Apr 12th, 2013 - 01:30 pm - Link - Report abuse 0YPF, the country’s largest energy producer, will have to spend an extra $400 million to import fuel to supply its gas stations after a flood and fire at its La Plata refinery reduced output. That will further whittle a trade surplus that narrowed 60 percent in February from a year earlier and hamper government efforts to build reserves used to pay foreign bondholders
Bahahahahaa...told ya
Yankeeboy : If she is re-elected , she and her quasi marxist accolytes will introduce a Mugabe style land redistribution .
Apr 13th, 2013 - 06:36 pm - Link - Report abuse 0Mugabe style because it will go “ One hectare for the poor , 10 for me ”
Then there will be civil war and there is no knowing what will happen , because neighbouring countries may send in troops and they might not all be on the same side and with the same agenda .
@15UP
Apr 14th, 2013 - 03:45 am - Link - Report abuse 0“Then there will be civil war and there is no knowing what will happen , because neighbouring countries may send in troops and they might not all be on the same side and with the same agenda .”
Whatever happens, as the economy collapses and society frays, CFK will lose her grip, if not her life.
:-)
15. If the farmers decide to hold back the grains, either in protest or because the price they receive is very very low in Peso terms, my bet is AFIP will confiscate whatever they can find under the guise of owed taxes. Then those that participated or are out of favor with the gov't will be subject to “land reforms”.
Apr 14th, 2013 - 12:01 pm - Link - Report abuse 0CFK is using Chavez's playbook, it's all there for everyone to see where this is heading. I can't be the only one who realizes it.
Cfk's outstanding invoices are coming due though, people are tired of waiting and the kitty is dry.
So what now?
Maduro's election victory is too close a call for him to carry on bankrolling all of Chavez's friends . Something ' s gotta give .
Apr 15th, 2013 - 09:00 am - Link - Report abuse 0Thursday night should be fun .......
@17
Apr 15th, 2013 - 10:28 pm - Link - Report abuse 0“So what now?”
Make a grovelling call to the Falklands apologising for everything and asking how they get 40 % of their energy through renewables (more if you include peat as the top sod is always replaced after cutting peat) and how a nation of less than George Galloway's' Nether Wallop' managed to get investment in hydrocarbons from several oil producers that a country of 40 000 000 seems to have difficulty in arranging despite many resources.
Then ask the Islanders if they could do that for Argentina.
Oh shite yankeeboy, I've just been dreaming in fairyland and have awoken to the reality of the nation that has more bullet wounds in it's foot than any other and realised that Argentina , by popular choice will just F U instead......
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