Page 13 - LatAmOil Week 43 2022

LatAmOil ARGENTINA LatAmOil

The Campo Durán refinery has a capacity of 25,000 bpd (Photo: Salta.gob.ar)

It said that the acquisition had been led by the In its statement, Refinor stressed that Hidro-
Argentinian businessman José Luis Manzano, carburos del Norte’s entry into the roster of
the owner of the Integra group, which is Hidro- shareholders would not affect the company’s
carburos del Norte’s parent organisation. It did operations. “We will continue to generate the
not reveal the value of the transaction but said energy that enhances the development of north-
that the Integra affiliate had acquired shares for- ern Argentina, facilitating its connection with
merly held by two other local companies, Pampa other regions, with a commitment to satisfying
Energía and Pluspetrol. our customers, as well as promoting and main-
The statement further noted that Hidro- taining a safe, inspiring and innovative work-
carburos del Norte had gained a 50% stake in place that upholds high standards of social and
Refinor’s 25,000 barrel per day (bpd) refin- environmental responsibility,” it said.
ery in Salta Province, a 90-unit service station According to local press reports, Refinor
chain and the 1,100-km Poliducto pipeline hopes the deal with Hidrocarburos del Norte
which links Córdoba to Salta. It also said that will help bring in new investment that can be
Hidrocarburos del Norte had taken control of used to pursue new business opportunities. The
Refinor, as two representatives of Integra Capi- Campo Durán refinery is well positioned to
tal, another affiliate of the Integra group, would supply petroleum products to the burgeoning
be heading the latter company. Integra Capital’s lithium-mining industry in Argentina’s north-
president Lindor Martín will hold the same post ern Puna Province and in neighbouring districts
at Refinor, while Integra Capital’s head of oil and of Bolivia and Paraguay. However, it has been
gas operations Nicolás Mallo Huergo will serve struggling to secure sufficient throughput in
as vice president, it explained. recent years due to declining crude production
The remaining 50% of equity in Refinor will in Salta Province. It is now aiming to secure a
remain in the hands of YPF, Argentina’s national larger share of output from fields in the Vaca
oil company (NOC). Muerta shale basin. ™

NEWS IN BRIEF

PIPELINES & TRANSPORT Shanghai Engineering and Technology Corp. interior of Colombia as Ecopetrol´s gas fields
(SETCO) to construct a 289-km-long, 22 inch located there start declining in 2024. We are
Canacol provides update gas pipeline from the Jobo gas processing facility pleased to play an important role in guarantee-
to the city of Medellin.
ing a clean source of energy to our customers as
on Jobo-Medellin natural acol, stated, “The construction of this pipeline inating sources of energy.”
Colombia executes the transition to less contam-
Charle Gamba, President and CEO of Can-
gas pipeline project will allow Canacol to ship our gas to the interior SETCO is a Chinese-based construction and
market of Colombia and will lift our gas sales pipe fabrication consortium with experience
Canacol Energy is pleased to announce that it above 300 mcf per day in 2025. The project will in building major gas pipelines in Asia and the
has executed an agreement with the consortium also provide energy security to customers in the Middle East.

Week 43 26•October•2022 www. NEWSBASE .com P13