Argentina set for privatization

Journal Article · Wed Dec 09 04:00:00 EST 1992 · Chemical Week; (United States)

OSTI ID:6937099

Chynoweth, E

Buyers are lining up for Argentina's two big state-controlled petrochemical groups, Buenos Aires-based Petroquimica General Mosconi (PGM) and Petroquimica Bahia Blance (PBB). However, feedstock supply contracts with government-owned oil group Yacientos Petroliferos Fiscales (YPG) and gas group Gas del Estado hold the key to both sales. Shell Compania Argentina Petroleo SA (CAPSA), Perez Companc, and Global Petroleum have already bought PGM tender documentation. Shell says it will bid for PGM if the feedstock contract with YPF is acceptable. In addition to price and volume, Shell says the length is critical; it wants a 15-year deal, but would settle for 11. YPF initially sought a five-year contract. PGM, which produces 300,000 m.t./year of aromatics, plus oxo alcohols, methanol, and methyl tert-butyl ether, has sales of $150 million/year.

• OSTI ID: 6937099
• Journal Information: Chemical Week; (United States), Journal Name: Chemical Week; (United States) Vol. 151:23; ISSN CHWKA9; ISSN 0009-272X
• Country of Publication: United States
• Language: English

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ALCOHOLS
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CHEMICAL FEEDSTOCKS
CHEMICAL INDUSTRY
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