Refinería del Norte (‘Refinor’)

Pampa has a 28.5% interest in Refinor, a company that owns the only refinery in the North of Argentina, located at Campo Durán, Province of Salta. The nominal processing capacity of the topping unit is 25.8 thousand barrel (bbl) per day, whereas the two turboexpander plants’ nominal processing capacity reaches 20.3 million m3 of gas per day. Besides, Refinor operates a 1,108 kilometers multiproduct pipeline extending from the Campo Durán Refinery (‘RCD’) (Salta) to Montecristo (Córdoba).

RCD receives condensed and crude oil from the Noroeste Basin in Argentina, and natural gas from the Noroeste Basin in Argentina and from Bolivia. These operations are conducted through two oil pipelines and three gas pipelines. In 2019, the average daily processing of crude oil amounted to 5,852 bbl. In turn, gas processing reached a daily average of 6.9 million m3.

In 2012, an agreement was executed with ENARSA (former ‘Energía Argentina’), currently IEASA (‘Integración Energética Argentina’), whereby Refinor would provide compression services for the gas IEASA imports from Bolivia. This agreement was later amended to increase the gas compression capacity (up to a volume of 26 million m3/day), and keeping its term until April 2019. This agreement was renewed in 2019 and will be in effect until April 2021, with a compression capacity of 21 million m3 of gas per day.

As of December 31, 2019, Refinor had a commercial network of 90 gas stations in the Provinces of Tucumán, Salta, Santiago del Estero, La Rioja, Jujuy, Catamarca, and Chaco. The network offers a high-performance fuel line: Premium Max (97 octanes), Super Max (95 octanes), Eco Diesel Max and Eco Diesel Premium Max.

In 2019, sales of gasoline, gas oil (‘GO’), raw gasoline and other liquid fuels amounted to 478 thousand m3, which represents a 10% year-on-year decrease. Liquefied petroleum gas (‘LPG’) sales amounted to approximately 74 thousand ton in 2019, experiencing a 62% decrease compared to the previous year.