“We will proceed with the import of crude oil to be shipped to Salvador Mazza (Pocitos, Argentina) via the pipeline operated by YPFB Transporte, which will be connected to the recently inaugurated Storage Facility (ICA) in Santa Cruz,” said the Executive President of the state corporation, Armin Dorgathen.
He informed that the processing of this hydrocarbon in refineries will guarantee the sale and subsidization of gasoline and diesel in the domestic market.
Using the entire pipeline, Dorgathen explained, would avoid currency flight, which he put at $720 million.
“In this way, our refineries increase their profitability and, in addition, the subsidies we pay for diesel and gasoline decrease,” he added.
Supreme Decree 4661 assists YPFB in crude oil imports with the aim of refining the hydrocarbon and implementing the tax and customs treatment for this purpose.
In terms of considerations, this regulation points out that the import of crude oil will boost national production and help reduce the subsidy associated with the direct import of inputs, additives and diesel.
She adds that this type of operation will benefit the state through the commercialization of other derivatives derived from the processing of this hydrocarbon.
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