Argentina's YPF SA Maintains Lower Refining Rates, an Industrial Info Market Brief

Refineries operated by Argentina's YPF SA continue to operate at 55% derates despite the easing of the government's COVID-19 lockdown. The 28,000-barrel-per-day (BBL/d) Plaza Huincul refinery, which was offline from the second week of April 2020 until the second week of May, has kept its 3,000-BBL/d reformer offline. The 205,000-BBL/d La Plata refinery continues to struggle to raise refining rates. The refinery recently completed the mechanical portion of a planned turnaround on the 90,000-BBL/d Crude Topping D, 18,000-BBL/d Vacuum, 5,400-BBL/d Paraffin (HTP) Hydrotreater and associated units. YPF's 113,200-BBL/d Lujan de Cuyo refinery also continues to struggle.