Argentina set for privatization

Journal Article · Wed Dec 09 00:00:00 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), Vol. 151:23; ISSN 0009-272X
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
10 SYNTHETIC FUELS
PETROCHEMICALS
MANUFACTURERS
ARGENTINA
CHEMICAL FEEDSTOCKS
CHEMICAL INDUSTRY
CONTRACTS
METHANOL
ALCOHOLS
DEVELOPING COUNTRIES
HYDROXY COMPOUNDS
INDUSTRY
LATIN AMERICA
MATERIALS
ORGANIC COMPOUNDS
PETROLEUM PRODUCTS
RAW MATERIALS
SOUTH AMERICA
020700* - Petroleum- Economics
Industrial
& Business Aspects
100700 - Synthetic Fuels- Economic
Industrial
& Business Aspects- (1990-)