repsol ypf: activities in argentina · 2009. 10. 18. · ref. plant producer thousand mt 1 la plata...

1

Repsol YPF:Activities in Argentina

September 2003

2

1. ARGENTINA AND REPSOL YPF

TABLE OF CONTENTS

2. EXPLORATION AND PRODUCTION

3. REFINING AND MARKETING

4. LPG

5. NATURAL GAS AND ELECTRICITY

6. CHEMICALS

7. OTHER ACTIVITIES

8. HUMAN RESOURCES

3

1. ARGENTINA AND

REPSOL YPF

4

HighlightsHighlights

Form of Government: Republican, representative and federal

Population: 37 million

G.N.P. (2002): us$ 101,300 million

G.N.P. per head (2002): us$ 2,750

Area: 2.8 MM km2 (continental)

Exports (2002): us$ 25,709 million

Imports (2002): us$ 8,470 million

Source: Ministry of Economy

ARGENTINAARGENTINA

5

Mercosur: Key factor for Regional Integration MercosurMercosur: Key factor for Regional Integration : Key factor for Regional Integration

Formed by Argentina, Brazil, Paraguay, Uruguay

Population: 209 million

GNP: us$ 633 billion

Area: 11.9 MM km2

Source: Ministry of Economy, World Bank, Dresdner KB

ARGENTINA AND REPSOL YPF S.A.ARGENTINA AND REPSOL YPF S.A.

6

GNP 2002 (MMus$)

Mercosur: Key factor for Regional Integration (cont.)MercosurMercosur:: Key factor for Regional IntegrationKey factor for Regional Integration (cont.)

Source:Ministry of Economy; WB; Dresdner Bank

MERCOSURARGENTINA SPAIN ITALY GERMANY

ARGENTINA AND REPSOL YPF, S.A.ARGENTINA AND REPSOL YPF, S.A.

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

1800000

2000000

7

46%

5%2%1%

5%41%

OilGasHydroNuclearCarbonOthers

Argentina in the Energy FieldArgentina in the Energy FieldArgentina in the Energy Field

Proven Oil Reserves: 2,821 MM bbls (as of 12/31/2002)

Oil Production: 0.75 MM bbl / d

Natural Gas Production: 125 MM m3 / d [1.6 Tcf/y]

Proven Natural Gas Reserves: 664 billion m3 [23.3 Tcf] (as of 12/31/2002)

Consumption of Primary Energy

Source: Secretary of Energy

ARGENTINA ARGENTINA

8

Argentina in the Energy FieldArgentina in the Energy FieldArgentina in the Energy Field

Oil Exports Year 2002: 2,156 MMus$

Products Exports Year 2002: 1,610 MMus$

Gas Exports Year 2002: 264 MMus$

Hydrocarbon Exports Year 2002: 4,030 MMus$

Exports of Hydrocarbons


53%

7%

40%

OilGasProducts

ARGENTINA ARGENTINA

Hydrocarbons Exports / Total Exports: 16%

9

Oli, Gas and PowerOliOli, Gas and Power, Gas and Power

Source: Secretary of Energy, EIA, others

BrazilBrazilBrazil

• Oil Reserves 8,400MM bbl

• Gas Reserves 7.8 Tcf3

ParaguayParaguayParaguay

• Oil Reserves 0 MM bbl

• Gas Reserves 0 MMm3

UruguayUruguayUruguay


• Gas Reserves 0 MMm3

ChileChileChile


• Gas Reserves 3.5 Tcf

ArgentinaArgentinaArgentina

• Oil Reserves 2,821 MM bbl

• Gas Reserves 23.3 Tcf

Bolivia (*)BoliviaBolivia (*)(*)• Oil Reserves 440 MM bbl

• Gas Reserves 54.9 Tcf• (p1 + p2)

Hydrocarbon Reserves (2001 2002)

THE SOUTHERN CONETHE SOUTHERN CONE

(*) During the last few years gas reserves have increased significantly

Installed Capacity84,540 MW

Installed Capacity

23,600 MW

10

0

200400

600800

1000

1990 2001

Oil ProductionMbbl/d

+61%+61%

0

30

60

90

120

1990 2001

Natural Gas ProductionMMm3/d

+100%+100%

4000

5000

6000

7000

8000

1990 2001

Proven Reserves MMBOE

0

1000

2000

3000

4000

1990 2001

Hydrocarbons Foreign Trade Balance MM$

Growth in the Energy Field was very high in the 1990 - 2001 periodGrowth in the Energy Field was very high in the 1990 Growth in the Energy Field was very high in the 1990 -- 2001 period2001 period

Investments in Oil, Gas and Electricity 1990-2000: $ 78,000 million

ARGENTINA ARGENTINA

11

Growth in the Energy Field was very high in the 1990 – 2000 periodGrowth in the Energy Field was very high in the 1990 Growth in the Energy Field was very high in the 1990 –– 2000 period2000 period

Breakdown of Investments in Oil, Gas and Electricity 1990-2000 $ MM

41904

7689

16475

1633

74752849

Oil and GasProductsElectricityPipelinesGas Prov.Petrochemicals

Source: Ministry of Economy

ARGENTINA AND REPSOL YPF, S.A.ARGENTINA AND REPSOL YPF, S.A.

12

Next years will have Next years will have a a great potentialgreat potential

Consumption of Energy

THE SOUTHEN CONETHE SOUTHEN CONE

Commercial Energy Use

0 2000 4000 6000 8000 10000

Argentina

Bolivia

Brazil

Chile

Uruguay

Spain

Italy

Greece

USA

High Income

KgOE per capita

Source: World Development Indicators 2003, World Bank

13

Exploration OpportunitiesExploration Opportunities

Potential Producing Basins Areas to bid


Producing basins

Basins not producing yet

ARGENTINA and REPSOL YPF S.A.ARGENTINA and REPSOL YPF S.A.

14

Repsol YPF in ArgentinaRepsol Repsol YPF in ArgentinaYPF in Argentina

Deregulation starts in Argentina

Repsol purchases oil areas

Repsol takes control of Astra C.A.P.S.A.

Repsol takes control of YPF S.A., investing morethan $ 15 billion and becomes Repsol YPF

1989

1990/ 1991

1996

1999


1993 Privatization of YPF S.A.

15

Main CompetitorsMain Competitors

Petrobras Esso Total Endesa Dow

Pan American Energy Shell Shell Perez Companc Others

Total Petrobras Others Capex

Chevron Others Others

Others

E&P R&M LPG G&E Chemicals


16

2. EXPLORATION & PRODUCTION

17

EXPLORATION & PRODUCTIONArgentina and Repsol YPF in E&P (Year 2002)

4430817013RESERVESM BOE

40267670GAS RESERVESBillion m3

5014002800OIL RESERVESM Bls

490.7161.461PRODUCTIONM BOE/d

4044110GAS PRODUCTION (Net)M m3/d

570.4360.769OIL PRODUCTIONM Bls/d

%Repsol YPF in

ArgentinaArgentina

Source: Secretary of Energy and own data

18

EXPLORATION & PRODUCTIONArgentina and Repsol YPF in E&P (Year 2002)(cont.)

Source: Repsol YPF – Year 2002

750.4360.4710.584OIL PRODUCTIONM Bls/d

67445166GAS PRODUCTION (Net)M m3/d

720.7160.7921.000PRODUCTIONM BOE/d

5261

516

2019

World

5930814501RESERVESM BOE

52267447GAS RESERVESBillion m3

6914001691OIL RESERVESM Bls

% Argentinavs.

WorldArgentinaLatin

AmericaREPSOL YPF

19

EXPLORATION & PRODUCTIONRepsol YPF in Argentina: Production per Basin (BOE per day-Year 2002)

O CEANO ATLANTICO

NORO EST E( 58 50 0 )

CUYANA( 4 18 00 )

NEUQ UINA( 45 34 00 )

G O LFO SAN JO RG E

( 14 05 00 )AUSTRAL( 2 16 00 )

5 P RO DUC TIVEB ASIN S

20

EXPLORATION & PRODUCTIONArgentina: Companies in Basins – Year 2002 -

COMPANY NORTHWEST CUYANA NEUQUINA SAN JORGE AUSTRAL % PROD (Oil+Gas)REPSOL YPF X X X X X 50,4%PAN AMERICAN X X X X 10,4%PETROBRAS X X X X 8,4%CHEVRON X X 5,1%PLUSPETROL X X 3,5%TOTAL X X 3,4%WINTERSHALL X X X 3,4%TECPETROL X X X 3,1%VINTAGE X X X 2,8%CAPSA CAPEX X X 1,8%PIONEER X X 1,7%SIPETROL X X X 1,5%Others X X X X X 4,5%

Source: IAPG – Year 2002

21

3. REFINING AND MARKETING

22

Argentina & Repsol YPF in R&M Argentina & Repsol YPF in R&M

667,000 319,500 48%

6,096 1,904(*) 31%

Repsol YPF

REFINERIES CAPACITY bbl/d

SALES OUTLETS

%Argentina

REFINING AND MARKETINGREFINING AND MARKETING

(*) Includes 50% of Refinor Service Stations As of June 30 2003

23

Argentina Argentina andand Repsol YPF in R&M (Repsol YPF in R&M (contcont.).)

1,176,000 436,000 319,500 27%

6,636 2,833 1,904(*) 28%

Latin America

Source: 20F Repsol YPF

ArgentinaWorld

Repsol YPF in:

REFINERIES CAPACITYbbl/d

SALES OUTLETS


Argentina vs

World%

(*) Includes 50% of Refinor Service Stations As of June 30 2003

24

Location ofLocation of RefineriesRefineries and Logistics and Logistics in Argentinain Argentina

Repsol YPF RefineriesRepsol YPF Refineries

Refineries where Refineries where REPSOL YPF has REPSOL YPF has an an interestinterest

Other CompaniesOther CompaniesRefineriesRefineries

Buenos Aires

Rosario

Córdoba

Para

ná R

iver

Río Negro

La PlataLa Plata

Lujan de CuyoLujan de Cuyo

P. HuinculP. Huincul

Campana

Bahía Blanca

Campo Durán

San Lorenzo

Pto. Galvan

Dock Sud Oil PipelineOil PipelineProducts PipelineProducts PipelineUnderUnder Project Project

ProductionProduction

Luján de CuyoLuján de Cuyo 120,000120,000

La PlataLa Plata 189,000189,000

P.P. HuinculHuincul 25,00025,000

Bahía BlancaBahía Blanca 30,50030,500

Refining CapacityRefining Capacity((BoeBoe//dayday

Campo DuránCampo Durán 28,00028,000

DockDock sudsud 122,000122,000

CampanaCampana 88,00088,000

PtoPto. Galv án. Galv án 19,00019,000

San Lorenzo San Lorenzo 39,00039,000


25

Location of Refineries and Logistics Location of Refineries and Logistics in Argentina (in Argentina (contcont.).)REFINING AND MARKETINGREFINING AND MARKETING

Province of Buenos Aires

Bahía Blanca

Puerto GalvánPuerto Galván

La PlataDock Sud

Oil PipelineProducts Pipeline

Campana

Refinery

26

4. LPG

27

LUJAN DE CUYOGRAL. CERRI

2456

3

REF. PLANT PRODUCER THOUSAND MT

1 LA PLATA + PLP YPF 4912 YPF 45

4YPF 218

LOMA LA LATA YPF 19

SAN SEBASTIAN UTE S.SEBASTIAN 15

TOTAL YPF + AFFILIATES 838

F. M ORADO UTE

LPG LPG Production in ArgentinaLPG LPG Production in Argentina

MEGA18%

YP F 28%

TG S12%

R EF INO R9%

TOTAL11%

SH ELL4%

ES S O5%

PETR OB RAS5%

OTHERS8%

ARGENTINA TOTAL PRODUCTION: 2,570 THOUSAND MT

Domestic Market 33 %Petrochemicals 28 %

Exports 39 %

66

77

33

44

5511

8822

REPSOL YPF PRODUCTION

838 Thousand MT

7 C. DURAN 26

8 207 (*)MEGA

(*)Not available for Repsol YPF marketing

2002

28

LPG Argentina and Repsol YPF in LPGLPG Argentina and Repsol YPF in LPG

Repsol YPF SALESThousand tn / year

World ArgentinaLatin America Argentina vs. World%

3,220 1,000 340 11 %

Retail Market (bottling + in bulk + piped)

Repsol YPF Gas (85% Repsol YPF, 15% Pluspetrol) – Trade Mark : YPF Gas

2002

36%

19%8%

37%Repsol YPFTotal GasShell GasOthers

36%

64%

Bottling

In Bulk+Piped+ Propelent

Total Argentina 970,000 tons / yearBottling: Mature MarketIn Bulk: Market with high growth potentialPiped: natural substitute for bottling

29

6. NATURAL GAS AND ELECTRICITY

30

Gas produced - Year 2002 (in thousand m3). Breakdown by destinationGas produced Gas produced -- Year 2002 (in thousand m3). Breakdown by destinationYear 2002 (in thousand m3). Breakdown by destinationARGENTINA ARGENTINA

45,770,138TOTAL

1,504,644Exported

846,558Flared

1,456,052Withheld in Plants

3,516,716Reinjected

2,329,979Delivered to Third Parties

32,282,870Delivered to Transcos

3,833,319In Field Consumption


31

Gas InfrastructureGas InfrastructureGas InfrastructureNATURAL GAS AND ELECTRICITYNATURAL GAS AND ELECTRICITY

METH AN EX

MONT EVID EO

URU GU AIAN A

POR TO AL EGRE

SAN SEB ASTIAN

BAH IA B L ANC A

EL C OND OR

PAYSAN DU

MEJILL ON ES

TOC OPILL A

LOM A LA L AT A

CUIAB ASANT A CRUZ

SAN PABL O

SANTIAGO

CONC EPC ION

BUEN OS AIRES

CORN EJO

TUCUM AN

PAR AN A

SAN JERON IMO

RIO DE JANEIRO

SAO M AT EU SBEL O H ORIZ ONT E

19

15

6

3

9

3330

5

3 6.8

9

8

23

30

CAM ISEA

LA PAZ 2,5

22

14

6

30

Operatimg

Proyects

Under Asse ssment

LNG Proyects

Under Const ruction

Capacity(MMm3/día)

RAN C AGU A

11

Transmission Lines

32

ElectricElectric Projects Projects in in whichwhich Repsol YPF Repsol YPF participatesparticipatesNATURAL GAS AND ELECTRICITYNATURAL GAS AND ELECTRICITY

CTSMT (45%)340 MW

CTT (45%)430 MW

Dock Sud775 MW(40%)Chihuido

37 MWFilo Morado (50%)

63 MWPlaza Huincul

37 MW

Los Perales74 MW

33

7. CHEMICALS

34

Chemicals: Argentina and Repsol YPFChemicals: Argentina and Repsol YPFChemicals: Argentina and Repsol YPFQUIMICAQUIMICA

6,551 2,551 2,551 39%

Latin America ArgentinaWorld

PRODUCITON CAPACITY tn / year

Argentina vs World

%

Includes own capacity and interests in other companies

35

CHEMICALSCHEMICALSThe Petrochemical Market in Argentina The Petrochemical Market in Argentina -- BackgroundBackground

Sustained growth of all segmentsInsufficient domestic productive capacityHigh import increase

Raw materials availability

Deregulated economic background

Share capital restructuring

Regional Integration - MERCOSUR

36

7. OTHER ACTIVITIES

37

A company devoted to Construction and Serveces aiming mainly at the Oil, Gas and Petrochemical sectors.

Also, it is the only company in the market that integrates engineeringand construction activities with the manufacturing of equipment for turn key plants.

Our activites:

Æ Integral Construction of Industrial Works and turn key plants

Æ Equipment and process modules manufacturingÆ Provision of Services for Oil and Gas Industries

Æ Operation and maintenance of Plants (Gas, compression, electricity generation, etc.

Compañía A – Evangelista S.A.

Shareholders: YPF S.A. 2002 Sales: 138 M. U$S

“Sábalo” Plant Petrobras -Bolivia

Repsol – Y PF “El Portón” Plant

MTBE Column 60 M. long. Carboclor

Oil Services

38

8. HUMAN RESOURCES

39

Personnel per AreaPersonnel per AreaPersonnel per AreaHUMAN RESOURCESHUMAN RESOURCES

13Gas Area

1230Upstream America

4682Downstream Latin America

589Downstream LPG Latin America

425Downstream Chemicals

1256Astra Evangelista

634Corporation

TOTAL 8829

June 2003

40

Personnel per Professional GroupPersonnel per Professional GroupPersonnel per Professional GroupHUMAN RESOURCESHUMAN RESOURCES

8829TOTAL

4146Operator

916Administrative personnel

1036Junior Technician

1996Semi Senior Technician

685Senior Technician

50Director

June 2003

41

ExpatriatesExpatriatesExpatriatesHUMAN RESOURCESHUMAN RESOURCES

Argentinians abroad 136

Foreigners in Argentina 87

August 2003

42

Repsol YPF:Activities in Argentina

September 2003

43

10. APPENDIX

44

EXPLORATION & PRODUCTIONNorthwestern Basin

O CEANO ATLANTICO

NORO EST E

R epsol YPF - NW BASINProduction: 59 k B OE/dOil Reserves: 59 M B lsGas Reserves: 49 B m3

NW BASINTota l Area: 158000 km2 W ells drilled: 970 Production W ells (2002): 89

• Mainly a gas basin

• Gas p ipelines to Northern Chile and Buenos Aires

• Refinor Refinery

45

EXPLORATION & PRODUCTIONCuyana Basin

O CEANO ATLANTICO

Repsol YPF – CUYANA BASINProduction: 42 k B OE/dOil Reserves: 150 M BlsGas Reserves: 0.4 B m 3

C UYANA BASINTota l Area: 58000 km 2 W ells drilled: 2440 Production W ells (2002): 934

• Only Oil

• Pipelines

• Luján de C uyo Refinery

CUYAN A

46

EXPLORATION & PRODUCTIONNeuquina Basin

O CEANO ATLANTICO

Repsol YPF - NEUQUINA BASINProduction: 453 k BOE/dOil Reserves: 844 M BlsGas Reserves: 197 B m 3

NEUQU INA BASINTota l Area: 125000 km2 W ells drilled: 12640 Production W ells (2002): 5460

• Oil and Gas basin (The best)• Gas p ipelines to Chile andBs.As.• Mega• Plaza Huincul Refinery

NEUQ UINA

47

EXPLORATION & PRODUCTIONGolfo San Jorge Basin

OCEANO ATLANTICO

Repsol YPF – GOLFO S.J. BASINProduction: 141 k BOE/dOil Reserves: 332 M BlsGas Reserves: 8 B m 3

GOLFO SAN JORGE BASINTotal Area: 92000 km 2 W ells drilled: 29600 Production W ells (2002): 10030

• Mainly an Oil basin

• Low Recovery Factor

• Recent G as discovery

GOLFO SAN JORGE

48

EXPLORATION & PRODUCTIONAustral Basin

O CEANO ATLANTICO

Repsol YPF – AU STRAL B ASINProduction: 22 k B OE/dOil Reserves: 14 M B lsGas Reserves: 13 B m3

AUSTRAL BASINTota l Area: 145000 km2 W ells drilled: 1820 Production W ells (2002): 450

• Oil and Gas basin

• On Shore and Of f Shore

• Gas p ipelines to Chile andBs.As.

AUST RAL

49

Argentine Crude Oils : Export LogisticsArgentine Crude Oils : Export LogisticsArgentine Crude Oils : Export Logistics

ShipsShipsRailroadRailroadPipelinesPipelines

Rosales Rosales -- LP LP Q = 2150 m3/hQ = 2150 m3/hAllenAllen -- RosalesRosales Q = 1500 m3/hQ = 1500 m3/hP.P.HdezHdez -- LCLC Q = 400 m3/hQ = 400 m3/hP.P.HdezHdez -- ChileChile Q = 750 m3/hQ = 750 m3/h

CuyanaBasin RLPRLP

RLCRLC

RPHRPHNeuquen

Basin

AustralBasin

Golfo SanJorge Basin

NorthBasin

Pto. Rosales

Comodoro Rivadavia

PuntaLoyola

San Sebastián

to Chile

to Paraguay

Exportaciones

Imported crude oils

P.P. Hernand ezHernand ez

AllenAllen

Formo saFormo sa


50

31%

11%18%

13%

27% Repsol YPF

Petrobras

Shell

Esso

Other + White PumpGasoline Stations

Service Stations Network in ArgentinaService Stations Network in ArgentinaService Stations Network in ArgentinaREFINING AND MARKETINGREFINING AND MARKETING

Service Stations Distribution in Argentina

Number ofNumber of Service StationsService Stations: 6,096: 6,096Own Data: June 30, 2003

51

Red XXI69%

OPESSA7%

Resale24%

Red XXIOPESSAResale

131

1319

454

Number ofNumber of Service Stations: 1,904Service Stations: 1,904

Service Stations by Type of OperationService Stations by Type of OperationREFINING AND MARKETINGREFINING AND MARKETING

Own data: June 30 2003

52

Mature market with a low growth rateVery competitive marketHigh negotiation power with distributor / retailerPlant Installed overcapacityGood product offerInadequate regulations controlPresence of small companies with high level of informalityIn the process towards formalization

LPG The LPG Argentine MarketLPG The LPG Argentine Market

Bottling Bulk

Recent development - 6 yearsRepsol YPF Gas is the leader in its developmentRepsol YPF Gas has 50,000 active clients Moderate entry barriersMain competitors: Shell Gas, TotalGaz, Extragas, Amarilla Gas, Areco GasRegional competitiveness

PRICES DEREGULATED THROUGHOUT THE WHOLE CHAIN

53

Argentina and Repsol YPFArgentina and Argentina and Repsol Repsol YPFYPF


ARGENTINA ARGENTINA

Annual Data

Argentina

Repsol YPFin

Argentina %

GAS PRODUCTIONMM m3/d

PROVEN GAS RESERVES Billion m3

125

663

44

240

36%

36%

54

Metrogas S.A.Metrogas S.A.

70% GASA10% PPP20% NYSE/BCBA

45.33% Repsol YPF

54.67 % BGGASA

METROGAS

OPERATIONS• Country's largest distributor• Covered area: 2,150 km2

• 3 City Gates: Buchanan - Gutiérrez - Ezeiza• Distribution network: 15,774 km • Firm transportation capacity: 22.8 MM m³/day

THE MARKET•City of Buenos Aires and South of Greater Buenos Aires.

• Clients: 1.9 million•Distributed gas volume: 5,755 MM m³ (year 2002)

••Annual Revenues:Annual Revenues: 719 MM $ (fiscal year 2002)

55

Gas Natural BANGas Natural BAN

OPERATIONS• Country's highest growth distributor, second largest distributor.• Covered area: 15,000 km2

• Distribution network: 20.369 km.

THE MARKET• North and West of Greater Buenos Aires and Province of Buenos Aires.• Clients: 1.2 million• Distributed gas volume: 3,300 MM m³ (year 2002)

• Annual Revenues:: 436 MM $/year (fiscal year 2002)

GN Ban is a Gas Natural Group Company

Gas Natural SDG19%

Invergas51%

Others30%

Invergas is a Gas Natural subsidiary

56

Electricity GenerationElectricity Generation: Argentina : Argentina and and Repsol YPFRepsol YPF

Repsol YPF

Source: CAMMESA

GENERATION CAPACITYMW

%Argentina (1)

(1) According to our interest in each project

(2) At 100% of the projects

Hydro

Nuclear

Thermal

Thermal: 12,733Hydro: 9.540Nuclear: 1.005

Argentina Generation Capacity (MW)

GAS NATURAL Y ELECTRICIDADGAS NATURAL Y ELECTRICIDAD

23,278 800 (1) 3,4%

1,800 (2) 7,7%

57

1,130 800 800 71%

Latin American ArgentinaWorld

INSTALLED CAPACITYMW

Electricity GenerationElectricity Generation: Argentina: Argentina andand Repsol YPF (Repsol YPF (contcont.).)NATURAL GAS AND ELECTRICITYNATURAL GAS AND ELECTRICITY

Argentina vs the

World %

58

Power Energy GasMW GWh/year MMm3/d

Filo Morado 63 450 0.8 50%CTT 430 3,200 2.0 45%CTSMT 340 2,500 1.6 45%CDS 775+70 6,000 3.0 40%Chihuido 37 310 0.3 100%Pza. Huincul 37 270 0.3 100%Los Perales 74 550 0.6 100%

Repsol YPF Power PlantsRepsol YPF Repsol YPF Power PlantsPower PlantsNATURAL GAS AND ELECTRICITYNATURAL GAS AND ELECTRICITY

%Interest

59


MetroGasMetroGas

Litoral GasLitoral Gas

Gas NEAGas NEA MesopotamiaMesopotamia

EcogasEcogas CentroCentro

EcogasEcogas CuyoCuyo

GasnorGasnor

CamuzziCamuzzi Gas PampeanaGas Pampeana

CamuzziCamuzzi Gas del SurGas del Sur

Natural Gas Distribution CompaniesNatural Gas Distribution CompaniesNATURAL GAS AND ELECTRICITYNATURAL GAS AND ELECTRICITY

60

MetroGasMetroGas


Natural Gas Distribution CompaniesNatural Gas Distribution CompaniesNATURAL GAS AND ELECTRICITYNATURAL GAS AND ELECTRICITY

61

CHEMICALSCHEMICALSPetrochemical Investments Petrochemical Investments in Argentinain Argentina

PROJECT

MEGA 690 Ethane, LPG, GasolineProfertil 680 Urea / Ammonia

PBB 875 Ethylene (Enlargement)PolisurPolyethylene (Enlargement)

Metanol 140 Methanol

MM US$INVESTMENTS PRODUCTS

62

PLAZA HUINCUL REFINERY

METHANOL(411 KT/YEAR)

METHANOL PROJECT (100%)

MAXIMUM INTEGRATION BETWEEN UPSTREAM AND BASE CHEMICALS

NAT

URAL

G

AS

BAHÍA BLANCA

UREA ( 1,100 KT/YEAR)

AMMONIA (750 KT/YEAR)

YPFPROFÉRTIL (50%)

ETH

ANE ETHYLENE

(700 KT/YEAR )POLYETHYLENE

600 KT/YEAR

YPF PBB Polisur (28%)

NATU

RAL

GAS

YPF RE-VAMP(+328 KT/YEAR)

IntegrationIntegrationIntegrationCHEMICALSCHEMICALS

PBB Polisur (28%)

63

LA P

LATA

REFI

NER

Y

NAPHTA AROMATICS UNIT(600 KT/YEAR)

BENZENE

CYCLOHEXANETOLUENES XYLENES

PROPYLENEPROPANE

C4 FRACTION

OLEFIN UNIT (429 KT/YEAR)

PP (PETROKEN)OXO ALCOHOLSMTBE, BUTENE,BUTANE

ENSENADA PLANT

MAXIMUM INTEGRATION BETWEEN REFINERIES AND BASE AND DERIVATIVE CHEMICALS

Integration (cont.)Integration (cont.)Integration (cont.)CHEMICALSCHEMICALS

repsol ypf: activities in argentina · 2009. 10. 18. · ref. plant producer thousand mt 1 la plata...

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