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AMERICAS OIL: YPF Says New Sea Terminal to Boost Oil-Export Profitability

AMERICAS OIL
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YPF Says New Sea Terminal to Boost Oil-Export Profitability: Bloomberg

  • YPF Chief Executive Horacio Marin said at an event in Houston that Argentina oil producers should see higher profit margins with the start of a new crude pipeline and terminal in 2026-2027.
  • Shale exporters are expected to sell crude at a premium of $2-$3/bbl over current levels after the startup of the Vaca Muerta South pipeline (VMOS) and a crude exporting terminal in Pozos Colorados; terminal to be able to handle ships as large as Very Large Crude Carriers (VLCCs) that can carry ~2mbbl.
  • VMOS will transport crude oil from the Vaca Muerta shale formation to the Argentine coast.
  • Argentina currently exports light sweet shale oil via the Puerto Rosales terminal, which can handle ships as large as Aframaxes that load ~550kbbl.
  • Construction of the VMOS pipeline has started with initial capacity to transport ~500k b/d crude and it can be easily expanded to 700k b/d, Marin said during an event held by IAPG.
  • VMOS may start crude transportation as soon as H2 2026 with 180k b/d, seen reaching 500k b/d in 2H 2027.
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YPF Says New Sea Terminal to Boost Oil-Export Profitability: Bloomberg

  • YPF Chief Executive Horacio Marin said at an event in Houston that Argentina oil producers should see higher profit margins with the start of a new crude pipeline and terminal in 2026-2027.
  • Shale exporters are expected to sell crude at a premium of $2-$3/bbl over current levels after the startup of the Vaca Muerta South pipeline (VMOS) and a crude exporting terminal in Pozos Colorados; terminal to be able to handle ships as large as Very Large Crude Carriers (VLCCs) that can carry ~2mbbl.
  • VMOS will transport crude oil from the Vaca Muerta shale formation to the Argentine coast.
  • Argentina currently exports light sweet shale oil via the Puerto Rosales terminal, which can handle ships as large as Aframaxes that load ~550kbbl.
  • Construction of the VMOS pipeline has started with initial capacity to transport ~500k b/d crude and it can be easily expanded to 700k b/d, Marin said during an event held by IAPG.
  • VMOS may start crude transportation as soon as H2 2026 with 180k b/d, seen reaching 500k b/d in 2H 2027.