México

Guyana

Trinidad
& Tobago




Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

Argentina's YPF to invest $2 bln in two refineries

 


 

By Reuters

BUENOS AIRES
Petroleumworld 04 01 2019

Argentine state-controlled oil company YPF will invest some $2 billion over the next five years to carry out a desulfurization process in two of its refineries, three people with knowledge of the plan said on Wednesday.

YPF will initially invest more than $1 billion in its Mendoza province refinery and hire about 900 people to adapt the plant for the process, said the sources, declining to be named. The rest of the investment will go towards the company's refinery in La Plata.

The process will allow compliance with “international standards requiring fuels to be more environmentally friendly,” said one of the sources, who is working on the project.

YPF has also carried out pilot tests for the improvement of oil recovery from conventional wells, known as tertiary recovery, two of the sources said.

For that, YPF ordered 10 mobile polymer plants, intended to improve oil extraction. Two of the plants are already in Buenos Aires port waiting to be transported to oil fields in Mendoza, Chubut and Santa Cruz provinces.

The polymer plants are due to start operating in the second quarter of the year, one of the sources said.

YPF declined to comment.


________________________


We invite you to join us as a sponsor.

Circulated Videos, Articles, Opinions and Reports which carry your name and brand are used to target Entrepreneurs through our site, promoting your organization’s services. The opportunity is to insert in our stories pages short attention-grabbing videos, or to publish your own feature stories.

________________________

 

Reporting by Eliana Raszewski; writing by Cassandra Garrison; Editing by Rosalba O'Brien from Reuters.

Reuters.com 03 27 2019

Twitter: @petroleumworld1


 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher: Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2019, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2019, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.