YPF extinguishes fire at La Plata refinery in Argentina

14 March 2014 15:01 Source:ICIS News

MEDELLIN, Colombia (ICIS)--Argentina's largest oil and gas company, state-run YPF, said on Friday that it has extinguished a fire at the country's largest oil refinery.

The company said operations at the 189,000 bbl/day refinery were not affected by the blaze.

"The situation is under control and the refinery is functioning normally," the company said.

Lost production at La Plata refinery is not welcome news for Argentina, which is already a major fuel importer.

Last year, a major fire and flood caused massive damage to a coking unit and distillation unit.

Argentina's government ramped up production at YPF's refineries after President Cristina Kirchner in 2012 seized a 51% stake in the company from its former controlling shareholder, Spain's Repsol.

YPF owns and operates three refineries in Argentina La Plata, Lujan de Cuyo and Plaza Huincul.

The La Plata refinery has the capacity to process all types of crude and produces lubricants, paraffins, aromatics, asphalt and petrochemicals, the company said.

By Leela Landress