YPFB warns against the use of fines if Argentina does not pay | ECONOMY



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In order to protect the interests of the country and to execute the contract of sale of natural gas with Argentina, the president of YPFB, Oscar Barriga, argued that if necessary, fines will be levied for that Argentina complies with the payment of 256 million US dollars for the purchase of energy in April and May

Barriga said that they will act in accordance with the contract , which provides for a fine and interest and that, after formally sending the recovery notes and not having any response, they resorted to the guarantee slips.

Barriga stated that he hoped not to have to obtain the guarantee slips and that the authorities of the neighboring country are complying with their obligations. "I understand, according to the ambbadador of Argentina, that in these weeks they will comply with the payment of the debt," said Barriga, in time to clarify that trade relations with Argentina and Brazil is normal and the demand for natural gas that these markets demand from the country is met.

The Authority has pointed out that the issue of exports and oil reserves must be dealt with adequately and not with the aim of making it bad. to Deposits giving figures that do not correspond to reality and that only seek to confuse the population.

A more technical answer

On how to break the stalemate with Argentina, Hugo del Granado, a hydrocarbon badyst, said it's good to seek to defend the interests of the country, but not to do so by the press or publicly, and it is struck by the fact that when the Argentine government, the Kirchner, were friends with Morales, they made public the delays due to no -payment of natural gas and there was no question of non-compliance with the quotas.

Del Granado pointed out that commercial relations should be dealt with in a reasonable time. technical, serious and reserved and not with a threatening and poignant language, something that does not do well to relations with Argentina, which is the one that pays the best (nearly $ us 6) for the thousand BTUs [19659002] this case must be kept confidential and in a cordial business relationship, we must not forget that Argentina is a privileged customer who pays us well, who does not deserve severe or aggressive treatment, "said del Granado

In Gabriel Gaite hydrocarbons the question of non-payment is tricky, which should not be used politically, because in the activity of hydrocarbons, a defect of two or three months is normal and this is expected in the contracts

that these delays are not exceptional, since the Government itself delivers the oil rent to the producing departments two or three months late, which is why it considers that the question does not arise. not be amplified and should be treated in its true dimension.

Reservation and Production

When we know for sure how much natural gas the country has, Barriga has argued that it will be possible between the third week or the end of August.

When asked why the delay, the strong man The state oil company said that a change was to be made at the time because the Canadian company Sproule was also performing technical work in the region of Aquio-Incahuasi and that, because of this situation, an addendum was made for that the result of the certification For the statements of the senator of the opposition Óscar Ortiz, who ensures that the reserves are in the order of 4 TCF, Barriga pointed out that it is an irresponsible statement that does not have technical support. To speak of reserves, before we have to hire globally recognized companies that have no interest, that's what we've done and, therefore, the numbers or figures given Make no sense and there is more to wait for Sproule's results, "he said. In this regard, Gaite said that the figures dance started with the government, which talks about recoverable reserves and unconventional reserves, raising expectations among the population and said that now that the numbers do not look correct, they ask for that the official version is expected

"The reserves are related to production, so you should be serious and do not give a dance of numbers," said Gaité.

Del Granado was more suspicious and said that it will not be in August to know how much gas Bolivia has and reminded that Ryder Scott in 2009 took more than eight months of what was agreed to announce that the country had 9.94 TCF in proved reserves, when the first result was 8.35 TCF, which, in Del Granado's opinion, did not suit the government.

Analysts pointed out that as long as there is no official and concrete data, operators would be cautious in making large-scale investments. In a way, they are trying against production.

For Gaïte it would be good news if the country has large proven reserves, "but this is achieved by drilling and investing millions"

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