Repsol YPF: Activities in Argentina · 2009. 10. 18. · ref. plant producer thousand mt 1 la plata...
Transcript of Repsol YPF: Activities in Argentina · 2009. 10. 18. · ref. plant producer thousand mt 1 la plata...
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Repsol YPF:Activities in Argentina
September 2003
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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
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1. ARGENTINA AND
REPSOL YPF
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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
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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.
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GNP 2002 (MMus$)
Mercosur: Key factor for Regional Integration (cont.)MercosurMercosur:: Key factor for Regional IntegrationKey factor for Regional Integration (cont.)
Source:Ministry of Economy; WB; Dresdner Bank
MERCOSURARGENTINA SPAIN ITALY GERMANY
ARGENTINA AND REPSOL YPF, S.A.ARGENTINA AND REPSOL YPF, S.A.
0
200000
400000
600000
800000
1000000
1200000
1400000
1600000
1800000
2000000
7
46%
5%2%1%
5%41%
OilGasHydroNuclearCarbonOthers
Argentina in the Energy FieldArgentina in the Energy FieldArgentina in the Energy Field
Proven Oil Reserves: 2,821 MM bbls (as of 12/31/2002)
Oil Production: 0.75 MM bbl / d
Natural Gas Production: 125 MM m3 / d [1.6 Tcf/y]
Proven Natural Gas Reserves: 664 billion m3 [23.3 Tcf] (as of 12/31/2002)
Consumption of Primary Energy
Source: Secretary of Energy
ARGENTINA ARGENTINA
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Argentina in the Energy FieldArgentina in the Energy FieldArgentina in the Energy Field
Oil Exports Year 2002: 2,156 MMus$
Products Exports Year 2002: 1,610 MMus$
Gas Exports Year 2002: 264 MMus$
Hydrocarbon Exports Year 2002: 4,030 MMus$
Exports of Hydrocarbons
Source: Secretary of Energy
53%
7%
40%
OilGasProducts
ARGENTINA ARGENTINA
Hydrocarbons Exports / Total Exports: 16%
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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
• Oil Reserves 0 MM bbl
• Gas Reserves 0 MMm3
ChileChileChile
• Oil Reserves 150 MM bbl
• 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
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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.
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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
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Exploration OpportunitiesExploration Opportunities
Potential Producing Basins Areas to bid
Source: Secretary of Energy
Producing basins
Basins not producing yet
ARGENTINA and REPSOL YPF S.A.ARGENTINA and REPSOL YPF S.A.
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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
ARGENTINA and REPSOL YPF S.A.ARGENTINA and REPSOL YPF S.A.
1993 Privatization of YPF S.A.
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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
ARGENTINA and REPSOL YPF S.A.ARGENTINA and REPSOL YPF S.A.
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2. EXPLORATION & PRODUCTION
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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
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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
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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
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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
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3. REFINING AND MARKETING
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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
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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
REFINING AND MARKETINGREFINING AND MARKETING
Argentina vs
World%
(*) Includes 50% of Refinor Service Stations As of June 30 2003
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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
REFINING AND MARKETINGREFINING AND MARKETING
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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
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4. LPG
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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
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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
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6. NATURAL GAS AND ELECTRICITY
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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
Source: Secretary of Energy
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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
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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
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7. CHEMICALS
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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
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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
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7. OTHER ACTIVITIES
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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
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8. HUMAN RESOURCES
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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
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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
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ExpatriatesExpatriatesExpatriatesHUMAN RESOURCESHUMAN RESOURCES
Argentinians abroad 136
Foreigners in Argentina 87
August 2003
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Repsol YPF:Activities in Argentina
September 2003
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10. APPENDIX
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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
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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
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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
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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
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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
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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
REFINING AND MARKETINGREFINING AND MARKETING
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
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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
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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
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Argentina and Repsol YPFArgentina and Argentina and Repsol Repsol YPFYPF
Source: Secretary of Energy
ARGENTINA ARGENTINA
Annual Data
Argentina
Repsol YPFin
Argentina %
GAS PRODUCTIONMM m3/d
PROVEN GAS RESERVES Billion m3
125
663
44
240
36%
36%
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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)
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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
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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%
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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
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Gas Natural BANGas Natural BAN
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
Gas Natural BANGas Natural BAN
Natural Gas Distribution CompaniesNatural Gas Distribution CompaniesNATURAL GAS AND ELECTRICITYNATURAL GAS AND ELECTRICITY
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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
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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