“This is a new entry in the capital market of a company linked to the energy sector, that it will be one of the main oil transporters in Vaca Muerta and that it has among its shareholders the main oil companies in the country”informed the stock market comptroller entity.
The funding will allow the liquid hydrocarbon transportation company to finance the investments committed to expand its oil evacuation capacity, which will reach some US$1.25 billion by 2037 between expansion and maintenance works.
In the leaflet, the CNV informed that it is indicated that the company may use the net funds received by virtue of the placement of the Negotiable Obligations (ON), to finance or refinance projects or activities with social, green or sustainable purposes.
In that line, The CNV ratified its “commitment to the development of a capital market that contributes to the financing of productive activities that generate genuine employment and have concrete impacts on the real economy.”
seven days ago the Secretary of Energy extended Oleoductos del Valle for 10 years a concession in provinces of Neuquén and Río Negro, in exchange for an investment of almost $900 millionthrough Resolution 643 published in the Official Gazette.
The extension will begin to run as of November 14, 2027 for the transportation concession of the main access pipelines to Allen and the Allen-Puerto Rosales Station pipeline owned by Oleoductos Del Valle and its respective extension, called Medanito- Puesto Hernández.
Source: Ambito
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