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MercoPress, en Español

Montevideo, May 17th 2025 - 05:31 UTC

Tag: ANCAP

  • Saturday, April 26th 2025 - 10:49 UTC

    Ancap back in the red after 5 years of Multicolor rule, Orsi says

    Orsi announced a management overhaul that would not impact Uruguayan consumers

    Uruguayan President Yamandú Orsi announced Friday that the state-owned fuel company Ancap recorded a loss of US$ 118 million last year under the opposition government of Luis Lacalle Pou, contrasting with a US$ 41 million profit in 2019 when the country was headed by the late Tabaré Vázquez of the currently ruling Broad Front (Frente Amplio - FA).

  • Thursday, February 13th 2025 - 01:18 UTC

    Uruguay's Green Energy Success Story Takes an Unexpected Turn

    Last year Uruguay generated 98% of its energy from renewable resources and proudly paved the way for a new form of energy sovereignty in a changing climate

    Uruguay has been considered a leading country in renewable energy, with 98% of its energy eolic, but now has surprisingly has invited foreign companies to explore for offshore oil and gas reserves, attracting some of the heavy weights of he industry, which has generated certain controversy in the country regarding concerns about the impact on marine life and the potential damage to Uruguay’s current global standing. OilPrice, which specializes in the oil and gas industry information comments on the decision.

  • Saturday, December 28th 2024 - 10:41 UTC

    Ancap and HIF Global sign agreement for green hydrogen plant in Uruguay

    Ancap's interim president, Diego Durand, described the day as “historic”.

    Uruguayan state-owned oil company Ancap, through Alcoholes del Uruguay (ALUR), signed an agreement with HIF Global to implement an ambitious green hydrogen and synthetic fuels project in Paysandú. The investment, estimated at US$6 billion, aims at producing 700,000 tons per year of renewable fuels, with a significant impact on the local and regional economy.

  • Friday, December 20th 2024 - 09:32 UTC

    Stipanicic resigns as president of Uruguay's Ancap

    “It is healthy to be able to close cycles when they come to an end,” Stipanicic said

    Alejandro Stipanicic's resignation Thursday as president of Uruguay's State-run oil company Ancap stirred up the political arena in Montevideo leading up to the transition towards the new government of President-elect Yamandú Orsi.

  • Wednesday, December 18th 2024 - 09:37 UTC

    Uruguay: Ancap oil pipeline leak hits key road

    The pipeline between Punta del Este and Ancap's refinery was not pumping oil at the time of the incident

    Uruguay's State-run oil company Ancap reported Tuesday a leak in an oil pipeline around the Biarritz (kilometer 71) on Costa de Oro in the department (province) of Canelones. The spill reached the highway causing delays in vehicle circulation for a while as stains of oil and sand were removed.

  • Tuesday, December 3rd 2024 - 08:53 UTC

    Uruguayan oil company Ancap in the red

    Ancap invested US$ 67 million in renewing the La Teja refinery, which accounted for part of the setback

    Uruguay's State-owned oil company Ancap posted losses above US$ 130 million that grew throughout 2024 resulting in a five-year deficit for which its board of directors hold unionists responsible, in addition to a technical stoppage at the La Teja refinery that lasted longer than expected.

  • Friday, June 7th 2024 - 09:47 UTC

    Uruguay's Ancap posts US$ 48 million losses in three months

    Foto: Mauricio Zina / adhocFOTOS

    Uruguay's state-owned oil company Ancap reported this week losses worth US$ 48 million in the last three months after needing to import fuel to meet local demand following the shutdown of the La Teja refinery for maintenance work starting Sept. 4, 2023.

  • Monday, November 13th 2023 - 09:44 UTC

    Fuel shortages expected in Uruguay amid distribution conflict

    Ancap's Stipanicic insisted his company was not to blame

    The guild grouping Uruguay's fuel distributors announced a 72-hour strike starting Monday which could lead to shortages in the South American country, it was reported in Montevideo. The measure was adopted after changes in the Law of Urgent Consideration (LUC) regarding fuel distribution regulation costs affected the activity, it was explained.

  • Monday, September 25th 2023 - 09:55 UTC

    Uruguay's Ancap awards all offshore exploration licenses open for bids

    Ancap authorities also pointed out that US$ 127 million had been pledged by the bidders

    Uruguay's state-run oil company Ancap has awarded all seven offshore oil and gas exploration licenses open for bids to four foreign companies: YPF (Argentina), APA Corp (United States), and Shell and Challenger Energy Group (CEG) (United Kingdom), it was reported in Montevideo.

  • Friday, February 3rd 2023 - 10:14 UTC

    Uruguay's Ancap to lose US$ 72m during refinery maintenance

    The La Teja refinery will be shut down completely between September and December for maintenance

    Uruguay's state-run oil company Ancap will lose US$ 72 million due to the remodeling of the La Teja Refinery to be carried out between September and December this year, during which time fuel will need to be imported, it was reported in Montevideo.

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