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. It should be noted that only one of them is currently in service, with a daily capacity of 11 million m3, due to the low gas availability at the Noroeste Basin, added to the lower quality of gas from Bolivia. Besides, Refinor holds the concession of a 1,108 kilometers multiproduct pipeline extending from the Campo Durán Refinery (‘RCD’) (Salta) to Montecristo (Córdoba). After executing an agreement with YPF S.A. in 2020, the polyduct started to operate from Montecristo to Refinor’s fuel plant, located at Banda del Río Salí, Tucumán, in 2021.

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 2021, the average daily processing of crude oil amounted to 4,000 bbl. In turn, gas processing reached a daily average of 2.9 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 amended to increase the compression capacity (up to a volume of 26 million m3/day) and term, effective until April 2019. The agreement was renewed in 2019 and 2021, effective until April 2023, with a compression capacity of 21 million m3 of gas per day.

By the end of December 31, 2021, Refinor had a commercial network of 92 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 2021, gasoline, gas oil (‘GO’), raw gasoline and other liquid fuel sales amounted to 442 thousand m3, representing a 22% year-on-year increase. Liquefied petroleum gas (‘LPG’) sales amounted to approximately 47 thousand ton in 2021, similar to 2020.