The main executives of
YPF
indicated this Thursday that
there are still 10% increases in fuel prices (gasoline and diesel) to be achieved
.
It was in a presentation with investors, the usual quarterly "
call conference
", in which they talked about the 2023 balance sheet - the year in which the oil company lost an accounting loss of $1,277 million - and the strategic plan for the coming years.
According to managers,
the gap with import parity was reduced from 28% at the beginning of October last year to 8% at the end of December
, due to the strong increases that occurred starting in November.
The figure would have climbed to 10% recently.
The sale of diesel and gasoline in the local market represents 57% of YPF's income (almost US$10 billion in 2023)
.
A better “realization” price means higher operating profits.
Market freedom and the objective of boosting exports can generate a better result, which would compensate for the
drop in demand due to the economic crisis.
The state oil company will allocate
investments in 2024 for US$ 5,000 million
, of which US$ 3,000 million will be for the production of
shale
oil and gas (unconventional oil and gas) in
Vaca Muerta
.
Shale oil production would go from the current 97,000 barrels per day (bpd) to 120,000 in 2024 (+24%) and to 160,000 bpd in 2025.
On the financial side, YPF plans to cover the $1.3 billion of debt maturities it has this year and take another $1.3 billion to finance its investment plan, while the level of leverage (net debt in relation to its EBITDA ) would remain between 1.5 and 1.7 times.
Note in progress
NE