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September 24, 2022
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ANCAP will import diesel to avoid stock problems in the face of union measures

ANCAP will import diesel to avoid stock problems in the face of union measures


ancap

Stipanicic reported, through his Twitter account, that “union measures will prevent night tasks during the refinery’s maintenance shutdown and will delay its start-up between five and seven days.”

For this reason, the president of the Board of Directors of the energy entity indicated that “the import of diesel was ordered to avoid stock problems.”

“The resulting margin loss is estimated to be in excess of $5 million,” Stipanicic said.

He added that the market prices presented in the tender for the import of diesel, “are higher than the sale price of the current month.”

Stipanicic remarked that in the event of delays in the technical stoppage due to union actions announced by a sector of officials, and in the face of the evolution of demand, in the first half of August “imports of gasoline and fuel oil had already been awarded”.

technical stops

On the other hand, he explained that the refinery’s technical shutdowns “required inventory planning to meet demand.”

“If the start-up is delayed longer than expected, as happened with yesterday’s union resolution (September 22), it is inevitable to import. You pay more expensive and you lose the refining margin, ”he said.

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