The main leaders of YPF They emphasized this Thursday that again There are no 10% increases in fuel prices (petrol and diesel)..
It was during a presentation with investors, the usual “Conference call” quarterly, in which we talked about the 2023 budget – the year in which the oil company lost an accounting loss of 1,277 million dollars – and the strategic plan for the next few years.
According to the managers, the gap with import parity narrowed from 28% at the beginning of October last year to 8% at the end of December, due to the strong increases that occurred starting from November. The figure reportedly rose to 10% recently.
The sale of diesel and petrol on the local market represents 57% of YPF’s turnover (almost 10,000 million dollars in 2023). A better “realization” price means higher operating profits. Market freedom and the objective of promoting exports can generate a better result, which would compensate for the deficit drop in demand due to the economic crisis.
The state oil company will assign investments in 2024 for 5,000 million dollarsof which 3,000 million dollars will be allocated to the production of shale oil and gas (unconventional oil and gas) in Dead cow.
Shale oil production would rise from the current 97,000 barrels per day (bpd) to 120,000 in 2024 (+24%) and to 160,000 bpd in 2025.
Financially, YPF expects to cover the $1.3 billion in debt maturities it has this year and employ another $1.3 billion to fund its investment plan, while the level of leverage (net debt to its EBITDA) would remain between 1.5 and 1.7. times.
Source: Clarin
