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 topping unit’s nominal processing capacity is 25.8 thousand barrel (bbl) per day, whereas the two turbo-expander 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 crude and condensed oil from the Noroeste Basin in Argentina and natural gas from the Noroeste Basin in Argentina and Bolivia. These operations are conducted through two oil pipelines and three gas pipelines. In 2020, the average daily processing of crude oil amounted to 4,085 bbl. In turn, gas processing reached a daily average of 1.8 million m3.

In 2012, Refinor executed an agreement with ENARSA (former ‘Energía Argentina’), currently IEASA (‘Integración Energética Argentina’), to supply compression services for the gas that the latter 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. The 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, 2020, Refinor had a commercial network of 91 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 2020, gasoline, gas oil (‘GO’), raw gasoline and other liquid fuel sales amounted to 363 thousand m3, representing a 24% year-on-year decrease. Liquefied petroleum gas (‘LPG’) sales amounted to approximately 47 thousand ton in 2020, experiencing a 37% decrease compared to the previous year.