ANCAP
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ANCAP (Uruguay)
ANCAP (Administración Nacional de Combustibles, Alcoholes y Portland) is a state-owned company in Uruguay. It is involved in the production of petroleum products, Portland cement and alcoholic beverages. It operates the Uruguay's single oil refinery at La Teja with capacity of 50,000-barrel (7,900 m3) per day.[1] ANCAP has a long-term corporate credit rating 'BB-' with positive outlook by Standard & Poor's.[2]
In December 2008, ANCAP launched the Uruguay's first offshore licensing round, due for completion June 2009. It offered 11 blocks for oil and gas exploration covering areas ranging from 4,000 to 8,000 square kilometres (1,500 to 3,100 sq mi) each, with water depths ranging from 50 to 1,450 metres (160 to 4,760 ft).[3]
In addition to Uruguay, ANCAP operates in Argentina where it owns Petrolera del Cono Sur, operating a petrol station network.[4]
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References
- ^ "Paraguay/Uruguay". Energy Information Administration. November 2006. http://www.eia.doe.gov/emeu/cabs/Paraguay_Uruguay/Full.html. Retrieved 2009-01-04.
- ^ "S&P release on Uruguay's ANCAP". Reuters. 2008-07-22. http://uk.reuters.com/article/oilRpt/idUKWNA264220080722. Retrieved 2009-01-04.
- ^ "Uruguay draws interest". Upstream Online (NHST Media Group). 2008-10-31. http://www.upstreamonline.com/live/article165826.ece. Retrieved 2009-01-04.
- ^ "Uruguay: Petrolera del Cono Sur lost US$2.98mil.". South American Business Information. 2001-03-19. http://www.highbeam.com/doc/1G1-71841804.html. Retrieved 2009-01-04.
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