YPF awards CCR contract to Odebrecht

- Thursday, August 20, 2009

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Argentine oil firm YPF has awarded a contract for the construction of Argentina's first continuous catalytic regenerator (CCR) to Brazil's Odebrecht, a YPF spokesperson told BNamericas, confirming local press reports.

Construction is expected to last 36 months, and Argentina's production of high quality fuels will expand by 900Ml/y when the complex begins operations in 2012, YPF said in a statement.

Investment in the project is expected to reach US$348mn.

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Odebrecht will finance the project, the spokesperson said without providing further details.

Spanish oil major Repsol (NYSE: REP) holds a majority stake in YPF.

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