Uruguay Ancap Presented Tender

The entity closed last year with a profit of 88 million dollars and consolidated three years of positive results. The presentation of this balance was in charge of the Minister of Industry Energy and Mining Guillermo Moncecchi the president of Ancap Marta Jara the general manager of the company Ignacio Horvath and other board members. The result of the 2018 fiscal year was 2854 million pesos compared to 1124 million in fiscal 2017.At the level of structural savings improvements in efficiency and modernization allowed to generate savings of more than 25 million dollars specifically due to the reorganization of the work the replacement of the vessel Ancap IX the implementation of electronic means of payment with elimination of vouchers and small boxes savings for the vehicle control system for state customers and energy efficiency initiatives.In relation to the domestic market turnover was 9 higher in current pesos compared to the same period of the previous year. The volume sold of gasoline remained stable the volume of diesel decreased by 1.7 and that of super gas increased by 1.5 with respect to 2017. Rates were adjusted in January 2018 naphtha by 9.8 and diesel fuel by 4.8 and in July 2018 gasoline by 9.In addition the company promotes an agenda of initiatives to lead the energy transition and enter the industry 4.0 develop renewable energy and the revaluation of waste also develops automation projects and the Internet of things.In environmental matters contingencies were attended to in the oil buoy and the system will be revised in the face of worsening climatic incidents. The effluent treatment plant of the La Teja refinery was also put into operation.In relation to Portland the losses were reduced by 28 although the breakeven point was not reached as lower sales due to the breakdown of inventories were recorded. In relation to natural gas a positive margin was obtained for the first time. Ancap supplies local gas needs with supplies from Argentina while negotiating with the different stakeholders seeking to capitalize on a greater availability of this energy at a regional level.