Latin oil tango

The representatives of LUKOIL and two Argentine companies – Enarsa and Pobater SA – Signed a memorandum under which LUKOIL will be the first company to deliver oil products and other infrastructure will be used for fuel storage.The President of Argentina Cristina Fernandez de Kirchner, Lukoil signed a contract with Energia Argentina (Enarsa) and Pobater memorandum providing for deliveries of fuel oil and diesel fuel for Enarsa and use it for storage infrastructure Pobater.Gosudarstvennaya Enarsa has the right to develop offshore fields and is working with Brazilian Petrobras, Chile’s Sipetrol Argentina and the Spanish Repsol. Pobater owns the tank farms and refineries in the province of Buenos Ayres.Po to BP, oil production in Argentina in 2007 amounted to 34.9 million tons, consumption – 23.5 million tons, refining – 31 million tonnes, so Argentina – Exporter petroleum products, the newspaper writes today Official . The second memorandum – between the Ministry and the Ministry of Planning gosinvestitsy and services of Argentina – the joint construction of a pipeline from Bolivia to Argentina. The head of the Ministry Sergei Shmatko said that Gazprom has been actively cooperating with Argentina and ready to work with Bolivia, where there is a promising but difficult field. According to him, construction of the pipeline was discussed with the President of Bolivia Evo Moralesom.V March reported the signing of an agreement with the Bolivian YPFB Firm Flotation on the joint exploration and the willingness of Gazprom participate in a giant gas pipeline project, which is to link Argentina, Bolivia, Brazil, Chile, Paraguay and Uruguay. But in October, Venezuelan President Hugo Chavez announced that the draft does not sostoitsya.Proekt more political, said analyst FC Opening Natalia Milchakova: the Gazprom did not have enough funds to implement the Nord Stream and South Stream. Motorola in the U.S. could do more concern in the $ 4-7 mlrd.LUKOYL already working in the two countries in Latin America, writes today RBC daily. In Colombia, is developing the block Condor (share in the project – 70%), in Venezuela, together with the National Oil Company of that country examines unit Junin-3 . International activities as a supplier of petroleum products company, through its daughters – Litasco SA Switzerland and Lukoil Pan Americas, LLC in the U.S. who have experience in the supply of diesel fuel in Latin America. LUKOYLa representative explained that the supply of petroleum products will be carried out Litasco SA But where will be transported fuel, he said no, adding only that all would depend on the economic benefits of the selected route. The agreement with Argentina was within the framework LUKOYLa strategy to diversify markets, said analyst FIH Kapital Vitaly Kryukov. At the same time, if the Russian company in the medium term will be able to go to the active phase of oil production in Latin America, which will enable it to process raw material for refineries, which owns Pobater, and then refined products to consumers Enarsa.