Argentina’s YPF restarts distillation unit at La Plata refinery

30 May 2013 00:01  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Argentina’s Yacimientos Petroliferos Fiscales (YPF) has restarted a distillation unit at its La Plata refinery almost two months after a fire forced the unit offline, the state-run oil company said on Wednesday.

The recovery of the Topping C distillation unit will boost output at Argentina’s largest refinery to 25,000 cubic metres/day, YPF said.

Production capacity at the refinery before the fire was 28,500 cubic metres/day.

The fire, which occurred on 2 April during heavy storms and flash flooding in the province of Buenos Aires, also severely damaged the facility’s coke A unit.

A new $800m (€624m) coking unit currently under construction is expected to come online in 2015, the company said.

During a conference call with investors earlier this month, YPF estimated that the damage would reduce La Plata’s output this year by approximately 1.4m cubic metres.

The company said that additional fuel would have to be imported to meet domestic demand.

($1 = €0.78)

By: Simon West

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