25 January 2012 18:24 [Source: ICIS news]
BOGOTA (ICIS)--Uruguay’s Administracion Nacional de Combustibles Alcohol y Portland (ANCAP) La Teja refinery will return to full operation at the end of the month after a prolonged maintenance turnaround, a source familiar with the refinery said on Wednesday.
The refinery is currently testing various units – gasoil units in particular – before becoming fully operational, the source said.
The planned maintenance was delayed almost two months after union workers refused to work overtime at the end of last year.
Because of the delay in maintenance work, the state-owned company had to buy an additional $300m (€231m) of refined products to meet domestic demand.
ANCAP budgeted $700m to spend on the importation of refined products during the maintenance, the source said.
La Teja, the only refinery in the country, has a refining capacity of 50,000 bbl/day and is in the Uruguayan capital of Montevideo, according to the company website.
The Uruguayan government is expanding the refinery’s heavy oil processing capacity through an extensive upgrade and conversion project, which is expected to be complete by 2016, according to the country’s investment and export association, known as Uruguay XXI.
($1 = €0.77)
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