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

AMERICAS OIL
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YPF Says New Sea Terminal to Boost Oil-Export Profits: 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 $2-$3/bbl over current levels after the start of the Vaca Muerta South pipeline (VMOS) and a crude exporting terminal in Punta Colorada, which will be able to handle ships as large as Very Large Crude Carriers (VLCCs).
  • VMOS will transport crude oil from the Vaca Muerta shale formation to the Argentine coast.
  • Light, sweet shale oil is currently exported via the Puerto Rosales terminal, which can handle ships as large as Aframaxes.
  • Marins said construction of VMOS is underway with initial capacity of ~500k b/d crude with expanded capacity of 700k b/d. It could start crude transportation as soon as 2H 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 Profits: 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 $2-$3/bbl over current levels after the start of the Vaca Muerta South pipeline (VMOS) and a crude exporting terminal in Punta Colorada, which will be able to handle ships as large as Very Large Crude Carriers (VLCCs).
  • VMOS will transport crude oil from the Vaca Muerta shale formation to the Argentine coast.
  • Light, sweet shale oil is currently exported via the Puerto Rosales terminal, which can handle ships as large as Aframaxes.
  • Marins said construction of VMOS is underway with initial capacity of ~500k b/d crude with expanded capacity of 700k b/d. It could start crude transportation as soon as 2H 2026 with 180k b/d, seen reaching 500k b/d in 2H 2027.