translated from Spanish: This year, YPF will allocate 160 million to the industrial complex of Luján de Cuyo

Governor Alfredo Cornejo and YPF President Miguel Angel Gutierrez moved during Thursday’s nap to the industrial complex of Luján de Cuyo. Previously, the representative and the company owner had met in the South of the province to oversee the tasks for the exploitation of heavy oil in the Llancanelo area.Ya at the plant and accompanied by the Minister of Economy, Infrastructure and Energy, Martin Kerchner; the mayors Rodolfo Suarez of Ciudad and Omar De Marchi of Luján de Cuyo; and Mendoza’s representative on the YPF board, Gabriel Fidel, the Governor heard the details of the project being carried out to modernize the facilities and adapt them to the new international provisions of fuels with less sulfur. Together with the president of the company Miguel Gutiérrez were the executive vice president of Corporate Affairs, Communication and Marketing, Sebastián Mocorrea; Executive Vice President Upstream, Pablo Bizzotto; Downstream Executive Vice President Santiago Martínez Tanoira and Luján Pablo Rizzo Industrial Complex Manager.After a video about the company’s impact on the economic activity of the region, Miguel Gutierrez introduced the technical exhibitions and announced that this year the company will invest $128 million in its Downstream (transportation and crude oil refining) business in Mendoza, under an annual investment program amounting to $1.4 billion to complete the project in 2024.El objective of this plan is to ensure the supply of crude oil and the evacuation of finished products, maintain the competitiveness of the complex with the new crudes available in Vaca Muerta and sustain the brand’s leadership in Cuyo.The complex conducts these days the second of the three maintenance shutdowns he has planned for this year. This process of adjustment and modernization of the industrial plant requires the hiring of almost a thousand more direct employees and demands another one indirectly, involving 15 local companies that provide services in the different jobs that are carried out.» We are proud to be able to show what we are doing to assess what the impact of our daily activities is,» Gutierrez said. presented the oil company’s technicians. «Oil was for many decades the engine of the Mendocine economy and we need it to be again. Behind these investments is a strategic vision for Mendoza’s development that also requires making firm decisions like the ones we have made: removing concessions from areas, bidding new ones.» In this process, we have had no contemplationwith YPF, but we feel that we must strengthen with this company a strategic alliance for all the private linkage it produces,» said the Governor.For Cornejo, the decisions to advance in this view should be firm and correct. «Enough of the things that are very good like bidding for royalty areas of 22% or 24% and that were then 22% or 24% of nothing. We prefer sustainable royalties over time that allow more companies to be exploring and drilling to grow our economy,» he said. In this note:

Original source in Spanish

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