The Dutch trader paid a total of USD 125 million for the Ricardo Elicabe refinery in Bahia Blanca and a network of more than 250 petrol stations.
“There is currently a significant shortfall in the production capacity of premium fuels in Argentina,” said Patricio Norris, Trafigura’s Americas co-head of oil and gas, in a December 2017 press release initially announcing the purchase. “By acquiring Pampa’s downstream assets we will be able to build our ability to offer customers high quality fuels in a reliable and competitively priced way.”
The deal will allow Trafigura to expand in Argentina, beyond its operation of the Campana fuel terminal, a fluvial fleet and a growing network of petrol stations under the Puma Energy brand. Pampa Energía meanwhile, will continue operating in Argentina’s E&P and power generation sectors.
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
This website uses cookies.