Tanker: Argentina to increase ton-mile demand
ARgentina forms to become the main exporter of crude oil at the end of the decade, thereby increasing the demand for tons-miles for tankers. In its latest weekly report, the Gibson ship said that “Argentina has changed to one of the biggest growth stories in global oil production. The house for the fourth largest drew oil reserve in the world, the country has long been struggling to exploit its resources. In recent years, rapid economic and fiscal reform has enabled investment and production to be released. Sandas. We cover this progress in our report in the past year, now it is possible to invest and production. KBD, revealed the rapid rate of development occurred.
According to Gibson, “Although the demand for Argentine oil is projected to grow throughout the remaining decades, production growth will exceed so far, thus allocates most of this new supply for exports. So far, the average raw export has increased from 120 KBD to 170 KBD, with almost half of the expected barrel Suezmaxes.
Source: Gibson Shipbroker Ltd
In the long run, the Sur Muerta pipe 600 km that connects Vaca Muerta’s flakes to the Punta Colorada Port in the Atlantic Basin is being built to help facilitate further improvement in exports. Supported by various main operators including YPF, Chevron, and Shell, namepelate capacity that already exists at 28 KN. 2026, the first phase of the pipe will be able to carry 180 KBD, is expected to be increased to 550 KBD in 2027, with expansion of up to 700 KBD maybe if necessary.
This increase in exports needs to find outlets in the raw market globally. With the growth of global demand that is projected to be centered in the east throughout the other decades, this is likely to mean that most of the supply of additional Argentina is destined for the old transport exports, which cannot be issued by the Crow -Finding above the state. From this decade, it provides a welcome support for requests for raw ton tanks.
Nikos Roussanoglou, Hellenic Shipping News worldwide
